U.S. hotel occupancy and revenue per available room in March were the highest reported for any month since February 2020, and the March 2021 average daily rate was the highest since March 2020, according to STR.
Occupancy reached 54.6 percent for March, ADR was $106.08, and RevPAR was $57.87, according to STR. Instead of showing the year-over-year change, STR provided comparisons to 2019 data because of the Covid-19 pandemic's effect on March 2020 data. Compared with March 2019, March 2021 occupancy was down 20 percent, ADR was off by 19.7 percent, and RevPAR declined 35.8 percent.
Among the top 25 markets, 13 reported occupancy above 50 percent last month, compared with just five for February. Tampa led at 77.1 percent, followed by Miami at 72.7 percent and Phoenix at 70.8 percent. Markets with occupancies below 40 percent were Boston at 35.7 percent, Minneapolis at 36.1 percent, Washington, D.C. at 38.7 percent and Chicago at 39.9 percent.
STR: U.S. Hotels in February Show Monthly Improvement
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April 21, 2021 at 01:53AM
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STR: March US Hotel Occupancy Tops 50 Percent - Business Travel News
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