US results for 24-30 May 2009 | STR
The U.S. hotel industry posted declines in all three key performance measurements during the week of 24-30 May 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 10.2 percent to end the week at 51.6 percent. Average daily rate dropped 9.6 percent to finish the week at US$93.00. Revenue per available room for the week decreased 18.9 percent to finish at US$47.96.
The U.S. hotel industry posted declines in all three key performance measurements during the week of 24-30 May 2009, according to data from STR.
In year-over-year measurements, the industry’s occupancy fell 10.2 percent to end the week at 51.6 percent. Average daily rate dropped 9.6 percent to finish the week at US$93.00. Revenue per available room for the week decreased 18.9 percent to finish at US$47.96.
Among the Top 25 Markets, Denver, Colorado, was the only market to report an increase in occupancy, which was up 1.4 percent to 56.0 percent. Detroit, Michigan, reported the largest occupancy decrease, down 22.0 percent to 42.9 percent. Other markets to report occupancy decreases of more than 20 percent include: New Orleans, Louisiana (-20.8 percent to 44.2 percent) and St. Louis, Missouri-Illinois (-20.2 percent to 45.9 percent).
Orlando, Florida, was the only market to report increases in two of the three key metrics, posting a 16.5-percent jump in ADR to US$107.06 and a 9.1-percent surge in RevPAR to US$60.11 Chicago, Illinois, reported the largest decrease in ADR, which was down 26.5 percent to US$109.28. New York, New York, followed closely, reporting an ADR decrease of 26.4 percent to US$188.03.
Chicago also reported the largest RevPAR decrease, down 37.7 percent to US$58.71. Three other markets reported decreases of more than 30 percent: Detroit (-32.5 percent to US$32.48); St. Louis (-30.5 percent to US$34.37); and New York (-30.2 percent to US$140.06).
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) 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 news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.