U.S. hotel industry has recorded its highest monthly performance levels since the beginning of the pandemic, according to April 2021 data from STR.
According to the STR report, occupancy across the U.S. stood at 57.5 percent, with an average daily rate (ADR) of $110.34, and revenue per available room (RevPAR) of $63.46.
Among the top 25 markets, Tampa experienced the highest occupancy level (77 percent), which was 0.5 percent below the market’s benchmark from 2019. The next highest occupancy level was in Miami (72 percent), with the city recording the highest ADR ($233.80) and RevPAR ($168.31) levels. Miami’s ADR level was 6.9 percent higher than the pre-pandemic comparable.
Occupancy and RevPAR were the highest for any month since February 2020, while ADR was the highest since March 2020. While year-over-year percentage changes show significant increases, the country’s performance levels remained well below the pre-pandemic comparable of April 2019, with occupancy down 15 percent, ADR down 16 percent, and RevPAR down nearly 29 percent.
