by Calculated Risk on 11/11/2021 11:12:00 AM
Note: Since occupancy declined sharply at the onset of the pandemic, CoStar is comparing to 2019.
October 31 through November 6, 2021 (percentage change from comparable week in 2019*):
o Occupancy: 59.8% (-13.0%)
o Average daily rate (ADR): $128.14 (-3.2%)
o Revenue per available room (RevPAR): $76.61 (-15.8%)
*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).
