STR: U.S. weekly hotel occupancy nears 60%

Myrtle Beach

The U.S. hotel industry posted its highest demand and occupancy levels since the beginning of the pandemic during the week of April 4-10, according to STR‘s latest weekly data. Occupancy reached 59.7 percent, average daily rate was $112.22 and revenue per available room was $66.99.

Reflecting the country’s almost two-point improvement in occupancy from the previous week, more than 50 percent of properties posted a weekly occupancy above 60 percent. 

According to STR’s Market Recovery Monitor, the number of U.S. roomnights sold reached 22 million during the week, the most since the start of the pandemic. As a result, occupancy reached 59.7 percent, also the highest level of the past year. 

Read more on our our sister publication Hotel Management