Industry Update
Press Release26 November 2020

STR: U.S. hotel results for week ending 21 November

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Str bis

U.S. weekly hotel occupancy continued to slip further from previous weeks, according to the latest data from STR through 21 November.

15-21 November 2020 (percentage change from comparable week in 2019):

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  • Occupancy: 41.2% (-32.6%)
  • Average daily rate (ADR): US$88.54 (-29.0%)
  • Revenue per available room (RevPAR): US$36.45 (-52.2%)

The last three weeks have produced occupancy levels of 43.2%, 44.4% and 44.1%.

Aggregate data for the Top 25 Markets showed lower occupancy (37.8%) but higher ADR (US$94.21) than all other markets.

Tampa/St. Petersburg, Florida (50.4%) was the only Top 25 Market to reach or surpass 50% occupancy.

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (22.9%), and Chicago, Illinois (26.6%).

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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