STR: U.S. Hotel Results For Week Ending 1 August
U.S. hotel occupancy declined 34.5% to 48.9% during the week of 26 July to 1 August. ADR fell 25.3% to $100.04 and RevPAR dropped 51.1% to $48.96.
U.S. hotel performance data for the week ending 1 August showed slightly higher occupancy and room rates from the previous week, according to STR.
HENDERSONVILLE, Tennessee - U.S. hotel performance data for the week ending 1 August showed slightly higher occupancy and room rates from the previous week, according to STR.
26 July through 1 August 2020 (percentage change from comparable week in 2019):
- Occupancy: 48.9% (-34.5%)
- Average daily rate (ADR): US$100.04 (-25.3%)
- Revenue per available room (RevPAR): US$48.96 (-51.1%)
U.S. occupancy has risen week over week for 15 of the last 16 weeks, although growth in demand (room nights sold) has slowed.
Aggregate data for the Top 25 Markets showed lower occupancy (41.4%) and ADR (US$97.58) than all other markets.
Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (64.1%).
Three additional markets reached or surpassed 50% occupancy: Detroit, Michigan (54.3%); San Diego, California (53.1%); and Philadelphia, Pennsylvania-New Jersey (51.4%).
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (21.4%), and New Orleans, Louisiana (29.7%).
Media Contact
Haley Luther
Senior Communications Manager [email protected] +1 (216) 278 0627