STR: U.S. Hotel Results For Week Ending 15 August
U.S. weekly hotel occupancy hit 50.0% for the first time since mid-March, according to the latest data from STR.
HENDERSONVILLE, Tennessee - U.S. weekly hotel occupancy hit 50.0% for the first time since mid-March, according to the latest data from STR.
9-15 August 2020 (percentage change from comparable week in 2019):
- Occupancy: 50.2% (-30.0%)
- Average daily rate (ADR): US$101.41 (-23.0%)
- Revenue per available room (RevPAR): US$50.87 (-46.1%)
U.S. occupancy has risen week over week for 17 of the last 18 weeks, although growth in demand (room nights sold) has slowed. The week ending 14 March was the last with occupancy of at least 50.0%.
Aggregate data for the Top 25 Markets showed lower occupancy (42.2%) and ADR (US$99.29) than all other markets.
Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (65.3%).
Four additional markets reached or surpassed 50% occupancy: Philadelphia, Pennsylvania-New Jersey (52.7%); San Diego, California (51.8%); Detroit, Michigan (51.5%); and Los Angeles/Long Beach, California (50.8%).
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (22.8%), and Orlando, Florida (29.9%).
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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