Industry Update
Press Release 2 July 2020

STR: U.S. hotel results for week ending 27 June

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HENDERSONVILLE, Tennessee — U.S. hotel performance data for the week ending 27 June showed another small rise from previous weeks and less severe year-over-year declines, according to STR.

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21-27 June 2020 (percentage change from comparable week in 2019):

  • Occupancy: 46.2% (-38.7%)
  • Average daily rate (ADR): US$95.37 (-29.0%)
  • Revenue per available room (RevPAR): US$44.03 (-56.5%)

Aggregate data for the Top 25 Markets showed lower occupancy (40.0%) than the national average and only slightly higher ADR (US$95.43).

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (61.4%).

Two additional markets surpassed 50% occupancy: Detroit, Michigan (52.0%) and Tampa/St. Petersburg, Florida (51.1%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (15.0%); Boston, Massachusetts (27.5%); and Orlando, Florida (28.9%).

Of note, in New York, New York, occupancy was 42.4%, down from 43.6% the week prior. In Seattle, Washington, occupancy was 33.2%, flat from the previous week.

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.

About STR

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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