Industry Update
Press Release10 December 2020

STR: U.S. hotel results for week ending 5 December

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U.S. weekly hotel occupancy increased slightly from the previous week, according to the latest data from STR through 5 December.

29 November through 5 December 2020 (percentage change from comparable week in 2019):

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  • Occupancy: 37.4% (-37.9%)
  • Average daily rate (ADR): US$86.21 (-33.1%)
  • Revenue per available room (RevPAR): US$32.23 (-58.4%)

With slightly higher demand after Thanksgiving, occupancy improved after several weeks of lowering levels. With a tougher year-over-year comparable, however, the country's RevPAR decline was its worst since late June.

Aggregate data for the Top 25 Markets showed lower occupancy (35.1%) but higher ADR (US$91.43) than all other markets.

Among the Top 25 Markets, Tampa/St. Petersburg, Florida (46.1%) saw the highest occupancy level.

Markets with the lowest occupancy levels for the week included Minneapolis/St. Paul, Minnesota-Wisconsin (24.5%), and Oahu Island, Hawaii (21.2%).

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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