STR: U.S. hotel results for week ending 9 October
HENDERSONVILLE, Tennessee - Lifted by the long Columbus Day weekend, U.S. hotel performance rose to a level similar to late-summer, according to STR‘s latest data through 9 October.
- Occupancy: 63.9% (-9.6%)
- Average daily rate (ADR): US$134.63 (+2.4%)
- Revenue per available room (RevPAR): US$86.02 (-7.4%)
The occupancy level was the highest since the week ending 14 August, while ADR came in higher than every week since the one ending 21 August.
While none of the Top 25 Markets recorded an occupancy increase over 2019, Tampa came closest to its 2019 comparable (-3.5% to 66.8%).Driven by ADR,the market reported the largest RevPAR gain when compared with 2019 (+12.2% to US$91.67).
Oahu Island experienced the steepest occupancy decline from 2019 (-45.1% to 46.9%).
Miami reported the largest ADR increase when compared with 2019 (+22.2% to US$186.78).
The largest RevPAR deficits were in San Francisco/San Mateo (-61.3% to US$93.03) and Oahu Island (-50.7% to US$98.83).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 70,000 properties and 9.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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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