U.S. room demand continues to push toward the comparable levels of 2019. As a reminder, 2019 is being used as the recovery benchmark due to the heavy pandemic impact in 2020.
For the 4-week period ending 15 May, 29 states experienced room demand totals within a 15% margin of the comparable period in 2019. Recalling that overall U.S. room demand dropped by greater than 80% during the worst weeks of this recession, there is evidence of widespread improvement as all but five markets during the past month registered a 30% (or less) deficit in recent rooms sold from 2019 levels.
STR’s latest 51-chart demand map shows that many markets are close to matching their 2019 levels, and since the previous update in April, 4-week demand levels in both Mississippi (demand index average=106.5) and Arkansas (102.4 index) have both beat the 2019 comparables.
In contrast, several major markets have a ton of ground to make up, including Washington D.C. (33.7 index), New York (55.0 Index), Massachusetts (58.5 index), and Hawaii (58.8 index).
To learn more about the data behind this article and what STR has to offer, visit https://str.com/.
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