STR reports US hotel performance for week ending 18 September
In year-over-year comparisons, occupancy increased 6.7 percent to 63.5 percent, average daily rate was up 1.8 percent to US$100.25, and revenue per available room ended the week up 8.6 percent to US$63.66. Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 34.4 percent to 53.9 percent, followed by Detroit, Michigan (+18.2 percent to 62.8 percent), and Minneapolis-St. Paul, Minnesota-Wisconsin (+16.
The U.S. hotel industry reported increases in all three key performance metrics during the week of 12-18 September 2010, according to data from STR.
In year-over-year comparisons, occupancy increased 6.7 percent to 63.5 percent, average daily rate was up 1.8 percent to US$100.25, and revenue per available room ended the week up 8.6 percent to US$63.66.
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 34.4 percent to 53.9 percent, followed by Detroit, Michigan (+18.2 percent to 62.8 percent), and Minneapolis-St. Paul, Minnesota-Wisconsin (+16.0 percent to 78.0 percent). Phoenix, Arizona, ended the week virtually flat in occupancy with a 0.1-percent decrease to 48.1 percent, reporting the only decrease in that metric.
New York, New York, experienced the only double-digit ADR increase, rising 13.9 percent to US$293.70. Nashville, Tennessee, posted the largest ADR decrease, falling 5.3 percent to US$87.85, followed by Phoenix with a 4.4-percent decrease to US$91.12.
New Orleans achieved the largest RevPAR increase, rising 43.2 percent to US$49.62. Six other markets reported RevPAR increases of more than 15 percent: Chicago, Illinois (+25.8 percent to US$110.16); Minneapolis-St. Paul (+19.6 percent to US$75.89); Miami-Hialeah, Florida (+18.7 percent to US$68.91); Detroit (+17.4 percent to US$48.63); Boston, Massachusetts (+15.6 percent to US$131.62); and Denver, Colorado (+15.5 percent to US$77.52). Phoenix experienced the only RevPAR decrease for the week, falling 4.5 percent to US$43.79.
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.