STR reports US hotel performance for week ending 6 November 2010
In year-over-year comparisons, occupancy increased 6.2 percent to 58.2 percent, average daily rate was up 1.9 percent to US$99.29, and revenue per available room ended the week up 8.2 percent to US$57.75.
The U.S. hotel industry reported increases in all three key performance metrics during the week of 31 October-6 November 2010, according to data from STR.
In year-over-year comparisons, occupancy increased 6.2 percent to 58.2 percent, average daily rate was up 1.9 percent to US$99.29, and revenue per available room ended the week up 8.2 percent to US$57.75.
Among the Top 25 Markets, Orlando, Florida, experienced the largest occupancy increase, rising 24.3 percent to 62.4 percent. Three other markets reported occupancy increases of more than 15 percent: New Orleans, Louisiana (+23.2 percent to 79.6 percent); Atlanta, Georgia (+17.6 percent to 61.2 percent); and Chicago, Illinois (+16.5 percent to 70.7 percent). None of the top markets reported occupancy decreases for the week.
New Orleans led the ADR increases, rising 17.4 percent to US$133.10, followed by New York, New York, with a 10.2-percent increase to US$286.62. Detroit, Michigan, reported the largest ADR decrease, falling 5.9 percent to US$73.46, followed by Tampa-St. Petersburg, Florida (-5.5 percent to US$85.83), and Philadelphia, Pennsylvania-New Jersey (-5.1 percent to US$109.05).
Four markets posted RevPAR increases of more than 25 percent: New Orleans (+44.6 percent to US$106.01); Orlando (+29.0 percent to US$58.85); Chicago, Illinois (+28.0 percent to US$92.03); and Atlanta (+27.3 percent to US$56.77). Two markets experienced RevPAR decreases: Tampa-St. Petersburg (-5.0 percent to US$46.45) and Philadelphia (-2.9 percent to US$73.05).
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.