STR reports US hotel performance for week ending 17 October 2009
The U.S. hotel industry posted declines in all three key performance measurements during the week of 11-17 October 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 8.1 percent to end the week at 58.9 percent. Average daily rate dropped 8.5 percent to finish the week at US$99.14. Revenue per available room for the week decreased 16.0 percent to finish at US$58.42.
The U.S. hotel industry posted declines in all three key performance measurements during the week of 11-17 October 2009, according to data from STR.
In year-over-year measurements, the industry’s occupancy fell 8.1 percent to end the week at 58.9 percent. Average daily rate dropped 8.5 percent to finish the week at US$99.14. Revenue per available room for the week decreased 16.0 percent to finish at US$58.42.
Among the Top 25 Markets, San Francisco/San Mateo, California, experienced the largest occupancy increase, jumping 6.4 percent to 90.8 percent. Four markets also reported occupancy increases: Denver, Colorado (+4.2 percent to 62.7 percent); Minneapolis-St. Paul, Minnesota-Wisconsin (+3.9 percent to 65.0 percent); Nashville, Tennessee (+2.2 percent to 62.9 percent); and New York, New York (+1.6 percent to 86.9 percent). Houston, Texas, posted the largest occupancy decrease, falling 31.0 percent to 59.1 percent.
For ADR, Oahu Island, Hawaii (+7.6 percent to US$150.19), and New Orleans, Louisiana (+6.5 percent to US$124.10), were the only two top markets to report increases. New York (-21.2 percent to US$252.84) experienced the largest ADR decrease, followed by Anaheim-Santa Ana, California (-17.4 percent to US$97.23) and Seattle, Washington (-16.6 percent to US$107.88).
San Francisco/San Mateo reported the largest RevPAR increase, rising 6.3 percent to US$159.94, followed by Oahu Island with a 6.1-percent increase to US$117.73. Three markets experienced RevPAR decreases of more than 25 percent: Houston (-41.2 percent to US$55.71); San Diego, California (-28.3 percent to US$74.57); and Seattle (-26.6 percent to US$65.57).
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.