STR reports U.S. hotel performance for week ending 26 September 2009
The U.S. hotel industry posted declines in all three key performance measurements during the week of 20-26 September 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 7.2 percent to end the week at 59.8 percent. Average daily rate dropped 10.1 percent to finish the week at US$100.30. Revenue per available room for the week decreased 16.6 percent to finish at US$59.94.
The U.S. hotel industry posted declines in all three key performance measurements during the week of 20-26 September 2009, according to data from STR.
In year-over-year measurements, the industry’s occupancy fell 7.2 percent to end the week at 59.8 percent. Average daily rate dropped 10.1 percent to finish the week at US$100.30. Revenue per available room for the week decreased 16.6 percent to finish at US$59.94.
Six of the Top 25 Markets reported increases in occupancy. Norfolk-Virginia Beach, Virginia (+4.9 percent to 54.3 percent), and Oahu Island, Hawaii (+4.9 percent to 79.7 percent), led the increases, followed by Denver, Colorado (+3.5 percent to 72.5 percent), New York, New York (+2.5 percent to 90.0 percent), Anaheim-Santa Ana, California (+2.4 percent to 69.2 percent), and Orlando, Florida (+0.3 percent to 48.9 percent). Houston, Texas, experienced the largest drop in occupancy, which decreased 37.8 percent to 52.9 percent, followed by New Orleans, Louisiana, with a 22.5-percent decrease to 49.4 percent.
Norfolk-Virginia Beach posted the smallest decrease in ADR, down 2.2 percent to US$86.04. Nashville, Tennessee, also reported an ADR decrease of less than 5 percent, falling 4.9 percent to US$95.11. Two markets reported ADR decreases of more than 20 percent: San Francisco/San Mateo, California (-21.0 percent to US$158.58), and Houston, Texas (-20.3 percent to US$92.59).
Norfolk-Virginia Beach was the only market to report an increase in RevPAR, which was up 2.5 percent to US$46.75. Four markets experienced RevPAR decreases of more than 25 percent: Houston (-50.4 percent to US$48.98); Phoenix, Arizona (-29.4 percent to US$49.94); New Orleans (-26.9 percent to US$48.24); and Dallas, Texas (-25.4 percent to US$49.82).
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.