STR: U.S. weekly occupancy improves after winter downturn

DoubleTreeResortHotelGrandKey

U.S. weekly hotel occupancy reached its highest level since late October, according to STR's latest data through 20th February.  

For the week of 14-20  February, occupancy dropped 23.8 percent to 48.1 percent compared to the same week in 2020, while average daily rate dropped 22.1 percent to $101.57. Revenue per available room reached $48.82, down 40.6 percent year over year.

Read the full version of this article in our sister publication Hotel Management