STR reports US hotel performance for week ending 22 May 2010
In year-over-year measurements, the industry’s occupancy increased 4.0 percent to 61.6 percent. Average daily rate ended the week virtually flat with a 0.3-percent decrease to US$98.15. Revenue per available room rose 3.7 percent to US$60.49.
The U.S. hotel industry reported mostly positive results in the three key performance measurements during the week of 16-22 May 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 4.0 percent to 61.6 percent. Average daily rate ended the week virtually flat with a 0.3-percent decrease to US$98.15. Revenue per available room rose 3.7 percent to US$60.49.
Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, rising 29.8 percent to 73.5 percent, followed by Minneapolis-St. Paul, Minnesota-Wisconsin (+19.7 percent to 69.0 percent), and New Orleans, Louisiana (+19.2 percent to 73.9 percent). Three of the top markets posted occupancy decreases: Norfolk-Virginia Beach, Virginia (-3.5 percent to 55.7 percent); San Diego, California (-3.1 percent to 66.4 percent); and Miami-Hialeah, Florida (-1.3 percent to 68.4 percent).
New York, New York, experienced the largest ADR increase, rising 19.9 percent to US$244.36, followed by New Orleans with an 18.5-percent increase to US$134.43. Two markets reported double-digit ADR decreases: San Diego, California (-11.4 percent to US$115.02), and Seattle, Washington (-11.0 percent to US$112.61).
New Orleans led the RevPAR increases, rising 41.2 percent to US$99.28, followed by New York (+31.8 percent to US$227.82) and Minneapolis-St. Paul (+25.8 percent to US$65.85). San Diego fell 14.1 percent in RevPAR to US$76.32, reporting the largest decrease in that metric.
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.