Hotels: Occupancy Rate Up 8% Compared to Same Week in 2019

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Note: Since occupancy declined sharply at the onset of the pandemic, CoStar is comparing to 2019.

From CoStar: STR: US Hotels Surpass Performance Levels Seen in Comparable Week in 2019

U.S. hotel performance surpassed the levels seen during the comparable week of 2019, according to STR‘s latest data through December 18.

December 12-18, 2021 (percentage change from comparable week in 2019*):

• Occupancy: 53.8% (+7.7%)
• Average daily rate (ADR): US$121.87 (+11.6%)
• Revenue per available room (RevPAR): US$65.61 (+20.2%)

Percentage changes were in part lifted by the comparable week of 2019 (ending 21 December) being closer to Christmas.

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
emphasis added

The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Click on graph for larger image.

The red line is for 2021, black is 2020, blue is the median, dashed purple is 2019, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020).

Although down compared to 2019, the 4-week average of the occupancy rate is now above the median rate for the previous 20 years (Blue).

Note: Y-axis doesn’t start at zero to better show the seasonal change.

The 4-week average of the occupancy rate will bottom seasonally over the next few weeks.

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December 23, 2021 at 02:18PM

Hotels: Occupancy Rate Up 8% Compared to Same Week in 2019

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