STR: U.S. hotel performance for May 2020
HENDERSONVILLE, Tennessee—Due to the impact of the COVID-19 pandemic, the U.S. hotel industry showed continued lower performance during May 2020, according to data from STR.
In a year-over-year comparison with May 2019, the industry recorded the following:
- Occupancy: -51.7% to 33.1%
- Average daily rate (ADR): -39.9% to US$79.57
- Revenue per available room (RevPAR): -71.0% to US$26.35
The absolute occupancy and RevPAR levels were the lowest for any May on record in the U.S., but all three key performance metrics were up from April levels. Recent weekly data shows occupancy above 40% due to a slow and steady rise in demand.
Among the Top 25 Markets, Oahu Island, Hawaii, experienced the steepest drop in occupancy (-84.2% to 13.1%), which resulted in the largest decrease in RevPAR (-90.4% to US$17.85).
Boston, Massachusetts, experienced the steepest decline in ADR (-60.4% to US$89.72).
All of STR’s COVID-19 analysis can be found here.
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Additional Performance Data
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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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