by Calculated Risk on 4/29/2021 01:02:00 PM

Note: The year-over-year occupancy comparisons are easy, since occupancy declined sharply at the onset of the pandemic. However, occupancy is still down significantly from normal levels.

The occupancy rate is down 17% compared to the same week in 2019.

From CoStar: STR: US Weekly Hotel Occupancy Flat From Prior Week

U.S. weekly hotel occupancy remained flat from the previous week, according to STR‘s latest data through April 24.

April 18-24, 2021:

• Occupancy: 57.3%
• Average daily rate (ADR): US$108.10
• Revenue per available room (RevPAR): US$61.93

Overall industry occupancy will likely remain plateaued until the summer leisure travel boom, but there has been noticeable uptick in weekday occupancy, which is indicative of increased business travel. ADR was up slightly from the previous week, and the Luxury, Midscale and Economy classes have each recovered more than 90% of their 2019 ADR levels.
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, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020).

Occupancy is now slightly above the horrible 2009 levels.

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