STR: U.S. hotel results for week ending 14 November
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy slipped further from previous weeks, according to the latest data from STR through 14 November.
8-14 November 2020 (percentage change from comparable week in 2019):
- Occupancy: 43.2% (-32.7%)
- Average daily rate (ADR): US$90.58 (-28.6%)
- Revenue per available room (RevPAR): US$39.11 (-52.0%)
After ranging between 48% and 50% occupancy from mid-July into the later portion of October, the last three weeks have produced levels of 44.4%, 44.1% and 43.2%.
Aggregate data for the Top 25 Markets showed lower occupancy (39.7%) but higher ADR (US$96.31) than all other markets.
Phoenix, Arizona (52.7%) was the only Top 25 Market to reach or surpass 50% occupancy.
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (24.0%), and Chicago, Illinois (29.3%).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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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