STR: U.S. hotel results for week ending 12 September
HENDERSONVILLE, Tennessee—U.S. hotel occupancy decreased slightly from the previous week, according to the latest data from STR.
6-12 September 2020 (percentage change from comparable week in 2019):
- Occupancy: 48.5% (-30.2%)
- Average daily rate (ADR): US$98.99 (-25.5%)
- Revenue per available room (RevPAR): US$47.96 (-48.1%)
Occupancy for the week prior was above 49.0%, lifted by Labor Day Weekend. For the week ending with 12 September, demand was 1.6% less, at 17.7 million room nights sold. The highest occupancy markets were those housing displaced residents from Hurricane Laura and western wildfires, with Louisiana North (77.2%) and Louisiana South (76.8%) showing the highest levels in the metric. The Oregon Area (73.7%) and California North (73.3%) markets were also among the top 5 highest occupancy levels for the week.
Aggregate data for the Top 25 Markets showed lower occupancy (43.2%), but higher ADR (US$101.10) than all other markets.
Three markets reached or surpassed 50% occupancy: Norfolk/Virginia Beach, Virginia (58.8%); San Diego, California (57.5%); and Los Angeles/Long Beach, California (56.7%).
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (21.1%), and Orlando, Florida (31.6%).
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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