U.S. Hotel RevPAR Falls 50.1%, Occupancy Down 30.6% Week Ended January 23
January 29, 2021
U.S. hotel occupancy in the week ended January 23 stayed flat week over week but fell 30.6% on a yearly basis to 40.0% amid the pandemic, according to STR, which tracks the hospitality industry.
Year over year, revenue per available room and average daily rate for the week declined 50.1% and 28.1% to $36.07 and $90.13, respectively.
Washington, D.C.-Md.-Va., registered the highest occupancy of the top 25 markets at 57.6%, courtesy of a slight gain from the presidential inauguration.
Oahu Island, Hawaii, and San Francisco/San Mateo, Calif., were among the markets with the lowest occupancy levels at 21.7% and 27.8%, respectively.
Source: S&P Market Intelligence
