STR reports US performance for week ending 20 February 2010
The U.S. hotel industry reported mixed results in the three key measurements during the week of 14-20 February 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy ended the week with a 2.4-percent increase to 55.4 percent. Average daily rate dropped 4.4 percent to finish the week at US$95.81. Revenue per available room for the week fell 2.2 percent to finish at US$53.04.
The U.S. hotel industry reported mixed results in the three key measurements during the week of 14-20 February 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy ended the week with a 2.4-percent increase to 55.4 percent. Average daily rate dropped 4.4 percent to finish the week at US$95.81. Revenue per available room for the week fell 2.2 percent to finish at US$53.04.
Among the Chain Scale segments, five of the seven segments experienced occupancy increases for the week. The Luxury segment posted the largest occupancy increase, rising 9.2 percent to 64.8 percent, followed by the Upper Upscale segment with a 7.9-percent increase to 65.5 percent. The Midscale without Food and Beverage segment ended the week virtually flat in occupancy with a 0.4-percent decrease to 55.4 percent. The Midscale with Food and Beverage segment posted the largest occupancy decrease, falling 2.9 percent to 47.6 percent.
The Luxury segment reported the largest RevPAR increase, up 1.1 percent to US$161.06, followed by the Upper Upscale segment with a 0.2-percent increase to US$90.01.
Among the Top 25 Markets, Seattle Washington, experienced the largest occupancy increase, up 17.7 percent to 63.4 percent, followed by Boston, Massachusetts, with a 15.7-percent increase to 54.1 percent. Two markets ended the week with occupancy decreases: Houston, Texas (-8.8 percent to 58.0 percent), and Norfolk-Virginia Beach, Virginia (-6.7 percent to 42.7 percent). Orlando, Florida, ended the week virtually flat with a 0.6-percent decrease to 71.2 percent.
Seattle reported the smallest ADR decrease among the top markets, falling 0.8 percent to US$106.16. Anaheim-Santa Ana, California, posted the largest ADR decrease, falling 19.8 percent to US$92.95, followed by Tampa-St. Petersburg, Florida (-14.8 percent to US$95.58), and Phoenix, Arizona (-13.6 percent to US$118.62).
Three markets experienced double-digit RevPAR increases: Seattle (+16.7 percent to US$67.29); San Francisco/San Mateo, California (+11.6 percent to US$86.87); and Boston (+10.3 percent to US$61.31). Anaheim-Santa Ana ended the week with the largest RevPAR decrease, falling 18.7 percent to US$59.58. Three other markets posted RevPAR decreases of more than 10 percent: Houston (-16.5 percent to US$53.01); Tampa-St. Petersburg (-13.0 percent to US$63.86); and Los Angeles-Long Beach, California (-10.2 percent to US$74.91).
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.