STR: US Hotel Performance For June 2020
U.S. hotel occupancy fell 42.5% to 42.2% in June, ADR declined 31.5% to $92.15 and RevPAR declined 60.6% to $38.88, according to monthly data from STR.
HENDERSONVILLE, Tennessee - The U.S. hotel industry showed slightly higher performance from the month prior, but at overall low levels during June 2020, according to data from STR.
In a year-over-year comparison with June 2019, the industry recorded the following:
- Occupancy: -42.5% to 42.2%
- Average daily rate (ADR): -31.5% to US$92.15
- Revenue per available room (RevPAR): -60.6% to US$38.88
The absolute occupancy and RevPAR levels were the lowest for any June on record in the U.S., but all three key performance metrics were up from May levels. July weekly data shows occupancy above 45% due to a slow and steady rise in demand that has flattened in recent weeks.
Among the Top 25 Markets, Oahu Island, Hawaii, experienced the steepest drop in occupancy (-82.4% to 15.4%), which resulted in the largest decrease in RevPAR (-88.2% to US$25.30).
Boston, Massachusetts, posted the steepest decline in ADR (-55.3% to US$102.58).
All of STR's COVID-19 analysis can be found here.
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.
Haley Luther
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