STR reports US performance for week ending 19 September
The U.S. hotel industry posted declines in all three key performance measurements during the week of 13-19 September 2009, according to data from STR.
In year-over-year measurements, the industry’s occupancy fell 8.6 percent to end the week at 59.6 percent. Average daily rate dropped 10.5 percent to finish the week at US$98.34. Revenue per available room for the week decreased 18.3 percent to finish at US$58.57.
Among the Top 25 Markets, Oahu Island, Hawaii, reported the largest occupancy increase, up 6.4 percent to 79.6 percent. Seattle, Washington, also reported an occupancy increase of 0.8 percent to 80.2 percent. New Orleans, Louisiana, experienced the largest occupancy drop, falling 35.8 percent to 40.0 percent, followed by Dallas, Texas, with a 29.1-percent decrease to 53.9 percent.
Norfolk-Virginia Beach, Virginia, posted the smallest ADR decline, dropping 4.5 percent to US$84.58. Four other markets reported ADR decreases of less than 10 percent: Orlando, Florida (-8.9 percent to US$83.66); Nashville, Tennessee (-8.0 percent to US$92.77); Washington, D.C. (-6.7 percent to US$156.43); and St. Louis, Missouri-Illinois (-6.4 percent to US$88.56). New York, New York, was the only market to experience an ADR decrease of more than 20 percent, falling 25.5 percent to US$257.96.
Oahu Island reported the smallest RevPAR decrease, down 5.2 percent to US$116.98. Five markets experienced RevPAR decreases of more than 30 percent: New Orleans (-48.2 percent to US$34.47); Phoenix, Arizona (-37.4 percent to US$45.51); Dallas (-36.9 percent to US$47.95); Houston, Texas (-34.8 percent to US$47.94); and Atlanta, Georgia (-33.9 percent to US$42.62).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
