U.S. Hotels Report Peak Summer RevPAR Near or Better Than 2019 for Most States - STR

Excerpt from STR

With the U.S. in peak summer travel season, STR’s latest data through 17 July shows most states with solid gains in revenue per available rooms (RevPAR) on a total-room-inventory (TRI) basis.

Over the past four weeks, all but nine markets averaged TRI RevPAR within $10 dollars (actual) of their comparable level from 2019. To further highlight the scale of recovery, 22 markets surpassed their 4-week RevPAR from 2019.

As a reminder, STR is using 2019 as the recovery benchmark due to the severe pandemic impact on 2020 data. Indexed comparisons are being made with the same time periods in 2019—an index is simply a ratio that divides current performance by the benchmark (2019 data).

Non-main street destinations topped the indexed RevPAR leaderboard, led by Idaho (134), Montana (129), South Dakota and Maine (both 122). In terms of short-term, month-over-month dollar increases, Maine’s RevPAR grew US$62 from the previous 4 weeks. Hawaii (+US$55) and Rhode Island (+US$41) were next on the list.

At the market-level, Washington D.C. continues to report widest distance to 2019 performance with RevPAR down 59% ($98 actual). New York State and Massachusetts were also down by roughly a third from their corresponding pre-pandemic weeks.

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