STR: U.S. Hotel Results For Week Ending 27 February
HENDERSONVILLE, Tennessee - U.S. weekly hotel occupancy dipped slightly from the previous week, according to STR's latest data through 27 February.
- Occupancy: 47.5% (-25.8%)
- Average daily rate (ADR): US$96.72 (-25.2%)
- Revenue per available room (RevPAR): US$45.90 (-44.5%)
The week-over-week decrease was the country's first since late January. Florida, California, and New York reported the largest drops in demand. Texas, on the other hand, led the nation in room nights sold as hotels continued to house residents displaced by winter storm damage. The state's occupancy reached a pandemic high of 57.3%, up a full point from the week prior.
Aggregate data for the Top 25 Markets showed slightly lower occupancy (45.0%) but higher ADR (US$102.49) than all other markets.
Among the Top 25 Markets, Miami saw the highest occupancy level (68.5%).
Top 25 Markets with the lowest occupancy levels for the week included Oahu Island (30.2%) and Minneapolis (30.8%).
Additional Performance Data
STR's world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
Omni Nashville Hotel — Nashville, TN United States
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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