STR: US Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee - U.S. hotel performance data for the week ending 25 July showed slightly higher occupancy and room rates from the previous week, according to STR.

19-25 July 2020 (percentage change from comparable week in 2019):

  • Occupancy: 48.1% (-37.9%)
  • Average daily rate (ADR): US$99.24 (-27.3%)
  • Revenue per available room (RevPAR): US$47.75 (-54.8%)

U.S. occupancy has risen week over week for 14 of the last 15 weeks, although growth in demand (room nights sold) has slowed.

Source: STRSource: STR
Source: STR

Aggregate data for the Top 25 Markets showed lower occupancy (40.8%) and ADR (US$97.32) than all other markets.

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (66.1%).

Four additional markets reached or surpassed 50% occupancy: Detroit, Michigan (55.2%); Atlanta, Georgia (50.5%); Philadelphia, Pennsylvania-New Jersey (50.4%); and San Diego, California (50.0%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (22.7%); New Orleans, Louisiana (28.3%); and Miami/Hialeah, Florida (30.7%).

Of note, in New York, New York, occupancy was 36.3%, up slightly from 35.9% the week prior. In Seattle, Washington, occupancy was 35.1%, an increase from 34.2% the previous week.

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
Communications Coordinator
+1 615 824 8664 ext. 3500
STR