STR: U.S. hotel results for week ending 8 February
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 2-8 February 2020, according to data from STR.
In comparison with the week of 3-9 February 2019, the industry recorded the following:
- Occupancy: -1.4% to 59.0%
- Average daily rate (ADR): +1.5% to US$128.75
- Revenue per available room (RevPAR): 0.0% at US$75.98
Super Bowl LIV host, Miami/Hialeah, Florida, registered the largest increase in RevPAR (+26.8% to US$252.83), driven by the highest lift in ADR (+25.2% to US$307.04).
St. Louis, Missouri-Illinois, experienced the highest rise in occupancy (+5.0% to 54.6%).
Seattle, Washington, posted the only other double-digit increase in ADR (+13.4% to US$162.40), which resulted in the second-largest jump in RevPAR (+17.5% to US$115.86).
Due to comparisons with its Super Bowl host year in 2019, Atlanta, Georgia, recorded the steepest declines in ADR (-21.4% to US$116.40) and RevPAR (-24.7% to US$76.36).
Minneapolis/St. Paul, Minnesota, saw the only double-digit drop in occupancy (-11.2% to 52.0%).
San Francisco/San Mateo, California, recorded the second-largest decrease in RevPAR (-14.5% to US$177.35), due primarily to the only other double-digit decline in ADR (-10.3% to US$232.40).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 67,000 properties and 9.0 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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