OCCUPANCY REMAINED FLAT for U.S. hotels during the first week of April while ADR and RevPAR reached their highest point since last March, according to STR.
Occupancy was 57.9 percent for the week ending April 3, the same as it was the week before. ADR was $112.76, up from $108.31, and RevPAR was $65.33, up from $62.68 the previous week.
“The occupancy level was 1 point below the pandemic peak reached two weeks prior,” STR said. “The RevPAR value represented 73.1 percent of the comparable 2019 level, which is the closest the U.S. has come to RevPAR recovery territory in STR’s Market Recovery Monitor.”
STR’s top 25 markets together saw 57.3 percent occupancy during the week, slightly lower than the national average, and ADR was $121.03, slightly higher than the average.
With 84 percent, Tampa, Florida, led the top markets in occupancy, followed by Miami with 75.9 percent. Minneapolis and Boston saw the lowest occupancy with 39.2 percent and 42 percent respectively.