Hotels: Occupancy Rate Down 10% Compared to Same Week in 2019

From CoStar: STR: US Hotel Occupancy Reaches Highest Level Since Mid-August

U.S. hotel occupancy reached its highest level since mid-August, while room rates dipped from the previous week, according to STR’s latest data through October 16.

October 10-16, 2021 (percentage change from comparable week in 2019*):

o Occupancy: 65.0% (-10%)
o verage daily rate (ADR): $134.03 (-1.4%)
o Revenue per available room (RevPAR): $87.15 (-11.3%)

Week-over-week demand growth came almost exclusively from the Sunday ahead of Columbus Day. Overall for the three-day holiday weekend (8-10 October), occupancy reached 72% as compared with 75% in 2019.

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

emphasis added

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

The Summer months had decent occupancy with solid leisure travel, and occupancy was only off about 7% in July and August compared to 2019.

Usually weekly occupancy increases to around 70% in the weeks following Labor Day due to renewed business travel. However, this year, so far, business travel has been lighter than leisure travel in 2021.