STR: US Hotel Results For Week Ending 25 July
U.S. hotel occupancy decreased 37.9% to 48.1% during the week of 19-25 July. ADR dipped 27.3% to $99.24 and RevPAR fell 54.8% to $47.75.
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.
- 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.
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.
Omni Nashville Hotel — Nashville, TN United States
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.
Phone: +1 615 824 8664 ext. 3500