STR: US Hotel Results For Week Ending 29 August

During the week of 23-29 August, U.S. hotel occupancy fell 27.7% to 48.2%, ADR dipped 23.2% to $98.39 and RevPAR declined 44.5% to $47.38.

U.S. hotel occupancy decreased slightly for the second consecutive week, according to the latest data from STR.

HENDERSONVILLE, Tennessee - U.S. hotel occupancy decreased slightly for the second consecutive week, according to the latest data from STR.

23-29 August 2020 (percentage change from comparable week in 2019):

  • Occupancy: 48.2% (-27.7%)
  • Average daily rate (ADR): US$98.39 (-23.2%)
  • Revenue per available room (RevPAR): US$47.38 (-44.5%)

The industry sold 237,000 fewer room nights than the previous week, which represented a demand decrease of 1.3%. Week-over-week demand improvements were a constant since mid-April, but as summer ends and leisure travel fades, hotel performance gains have flattened.

Aggregate data for the Top 25 Markets showed lower occupancy (42.5%), but higher ADR (US$99.22) than all other markets.

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (60.6%).

Three additional markets reached or surpassed 50% occupancy: Los Angeles/Long Beach, California (53.0%); San Diego, California (52.3%); and Houston, Texas (51.0%).

A week-over-week jump in Houston occupancy (38.9% the previous week) is attributable to evacuations and displaced residents due to Hurricane Laura.

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (26.6%), and Orlando, Florida (27.2%).

Media Contact

Haley Luther

Senior Communications Manager [email protected] +1 (216) 278 0627

Markets & Performance Markets & Performance USA & Canada United States

CoStar Group is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and...