The U.S. hotel industry posted declines in all three key performance measurements during the week of 18-24 October 2009, according to data from STR.

In year-over-year measurements, the industry’s occupancy fell 6.3 percent to end the week at 59.0 percent. Average daily rate dropped 8.3 percent to finish the week at US$100.04. Revenue per available room for the week decreased 14.1 percent to finish at US$59.03.

Among the Top 25 Markets, Oahu Island, Hawaii, experienced the largest occupancy increase, up 10.4 percent to 83.8 percent, followed by Boston, Massachusetts, with a 7.5-percent increase to 79.8 percent. Houston, Texas, posted the largest occupancy decrease, falling 32.9 percent to 57.5 percent. Three other markets reported double-digit occupancy decreases: Tampa-St. Petersburg, Florida (-13.5 percent to 51.2 percent); Detroit, Michigan (-11.6 percent to 51.2 percent); and Dallas, Texas (-10.5 percent to 55.0 percent).

New Orleans, Louisiana, posted the only ADR increase, up 7.9 percent to US$133.96. New York, New York, experienced the largest ADR decrease, falling 18.9 percent to US$256.72, followed by Tampa-St. Petersburg (-17.9 percent to US$86.20), and Phoenix, Arizona (-17.1 percent to US$106.03).

Two markets reported RevPAR increases: New Orleans (+7.9 percent to US$90.63) and Oahu Island (+3.0 percent to US$128.72). Boston ended the week flat in RevPAR at US$123.43. Houston fell 43.4 percent to US$53.02, experiencing the largest RevPAR decrease. Two other markets posted RevPAR decreases of more than 25 percent: Tampa-St. Petersburg (-29.0 percent to US$44.16) and Detroit (-25.3 percent to US$39.12).

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.