STR reports US performance for week ending 19 September
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).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.