STR reports US hotel performance for week ending 23 October 2010
The U.S. hotel industry reported increases in all three key performance metrics during the week of 17-23 October 2010, according to data from STR. In year-over-year comparisons, occupancy increased 8.1 percent to 63.8 percent, average daily rate was up 0.9 percent to US$101.09, and revenue per available room ended the week up 9.1 percent to US$64.46.
The U.S. hotel industry reported increases in all three key performance metrics during the week of 17-23 October 2010, according to data from STR.
In year-over-year comparisons, occupancy increased 8.1 percent to 63.8 percent, average daily rate was up 0.9 percent to US$101.09, and revenue per available room ended the week up 9.1 percent to US$64.46.
Among the Top 25 Markets, Minneapolis-St. Paul, Minnesota-Wisconsin, achieved the largest occupancy increase, rising 19.2 percent to 72.5 percent, followed by Denver, Colorado (+18.8 percent to 71.7 percent), and Detroit, Michigan (+18.1 percent to 60.6 percent).
Philadelphia, Pennsylvania-New Jersey, reported the largest decreases in all three key performance metrics. The Philadelphia Phillies hosted three playoff games for the National League Championship Series during the comparable week in 2009. The market’s occupancy fell 6.2 percent to 71.5 percent, ADR was down 12.5 percent to US$112.76, and RevPAR dropped 17.9 percent to US$80.64.
New York, New York, experienced the largest ADR increase, rising 8.8 percent to US$278.60, followed by Boston, Massachusetts, with a 7.7-percent increase to US$168.50.
Three markets reported RevPAR increases of more than 20 percent: Minneapolis-St. Paul (+25.0 percent to US$72.43); Denver, Colorado (+24.2 percent to US$75.39); and Tampa-St. Petersburg, Florida (+20.3 percent to US$53.08).
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.