U.S Hotel Performance Q1 2021

In Q1 2021, the U.S. hotel sector exhibited the highest level of performance since the start of the Covid-19 pandemic.
Owing to a travel boost leading into New Year’s holiday, U.S. hotel performance in the first week of January 2021
improved significantly as compared to the last week of December 2020. After a relatively stable January and first week of February 2021, U.S. hotel performance gathered momentum in mid-February because of a long weekend consisting of President’s Day and Valentine’s Day. Hotel occupancy hit a pandemic-high of 58.90% in the week ending March 20th. A decline in the number of daily Covid-19 cases post the second peak of 304,000 cases in the first week of January has been a major driver of U.S. hotel performance in Q1 2021.
Occupancy rate was 40.60% at the end of Q4 2020, which has increased to 57.90% at the end of Q1 2021. ADR was
$107.93 at the end of Q4 2020 which has increased to $108.31 at the end of Q1 2021. RevPAR was $43.81 at the end of
Q4 2020 which has increased to $62.68 at the end of Q1 2021. (Source: STR)

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