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The U.S. hotel industry recorded its highest monthly performance levels since before the beginning of the COVID-19 pandemic, according to May 2021 data from STR.
May 2021:
Occupancy: 59.3 percent Average daily rate (ADR): $117.69 Revenue per available room (RevPAR): $69.81Each of the three key performance metrics were the highest for any month since February 2020. While year-over-year percentage changes show significant increases because of comparison with a pandemic-affected period in 2020, the country’s performance levels remained well below the pre-pandemic comparable of May 2019: occupancy (–13.5 percent), ADR (–10.9 percent) and RevPAR (–22.9 percent). To track recovery on a weekly basis, STR has launched a Market Recovery Monitor to index performance against the 2019 benchmark.
Among the Top 25 Markets, Miami experienced the highest occupancy level (74.2 percent), which was 2.6 percent below the market’s ben
