Industry Update
Press Release24 September 2020

STR: U.S. Hotel Results For Week Ending 19 September

During the week of 13-19 September, U.S. hotel occupancy decreased 31.9% to 48.6%, ADR dipped 28.9% to $95.84 and RevPAR declined 51.6% to $46.54.

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HENDERSONVILLE, Tennessee - U.S. hotel occupancy was nearly flat from the previous week, according to the latest data from STR.

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13-19 September 2020 (percentage change from comparable week in 2019):

  • Occupancy: 48.6% (-31.9%)
  • Average daily rate (ADR): US$95.84 (-28.9%)
  • Revenue per available room (RevPAR): US$46.54 (-51.6%)

Demand rose slightly (+0.3%), and the highest occupancy markets were once again those housing displaced residents from Hurricane Laura and western wildfires, with California South/Central showing the highest level in the metric (74.7%). The Louisiana South (72.8%) and Louisiana North (72.3%) markets were also among the top five highest occupancy levels for the week.

Aggregate data for the Top 25 Markets showed lower occupancy (42.7%), but higher ADR (US$98.93) than all other markets.

Four markets reached or surpassed 50% occupancy: Norfolk/Virginia Beach, Virginia (56.4%); San Diego, California (53.9%); Los Angeles/Long Beach, California (53.3%); and Detroit, Michigan (50.6%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (19.7%), and Orlando, Florida (29.9%).

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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