U.S. hotel RevPAR recovered 83% in 2021 - Insights
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U.S. hotel RevPAR recovered 83% in 2021

U.S. hotel RevPARWith improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.

2021 (percentage change from 2019):

  • Occupancy: 57.6% (-12.6%)
  • Average daily rate (ADR): US$124.67 (-4.8%)
  • Revenue per available room (RevPAR): US$71.87 (-16.8%)

In addition to 2020, U.S. hotel occupancy failed to reach 60% for just the second time since 2011. On a nominal basis, 2021 ADR was the fourth highest on record. The country’s RevPAR level was its second-lowest in eight years behind only 2020.

Among the Top 25 Markets, Tampa reported the highest occupancy level (68.4%), which was still down 5.2% from the market’s 2019 benchmark.

None of the Top 25 Markets experienced an occupancy increase over 2019.

Markets with the lowest occupancy for the year included Minneapolis (44.4%) and San Francisco/San Mateo (47.7%).

Miami posted the largest ADR increase over 2019 (+14.7% to US$223.49), while Norfolk/Virginia Beach registered the highest growth in RevPAR (+7.7% to US$72.31).

The steepest RevPAR deficits were in San Francisco/San Mateo (-64.2% to US$72.97) and Washington, D.C. (-48.9% to US$57.86).

In aggregate, the Top 25 Markets showed lower occupancy but higher ADR than all other markets.

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