Industry Update
Press Release11 September 2020

STR: U.S. weekly hotel performance video

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Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 30 August through 5 September, is linked below.

Key highlights:

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  • U.S. weekly occupancy increased slightly to 49.4%.
  • Hotel demand grew to 18 million room nights sold (+500,000 week over week).
  • Saturday occupancy was at 69%, which was only down 2.6% year over year.
  • Three of the six classes reached 50% occupancy: Economy (55.9%), Midscale (52.1%) and Upper Midscale (52.0%).
  • Among the markets, Fort Meyers, FL, saw the highest weekend occupancy increase from the prior week (+61.0%).

All of STR's COVID-19 analysis can be found here.

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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