STR: U.S. hotel results for week ending 21 November
U.S. weekly hotel occupancy continued to slip further from previous weeks, according to the latest data from STR through 21 November.
15-21 November 2020 (percentage change from comparable week in 2019):
- Occupancy: 41.2% (-32.6%)
- Average daily rate (ADR): US$88.54 (-29.0%)
- Revenue per available room (RevPAR): US$36.45 (-52.2%)
The last three weeks have produced occupancy levels of 43.2%, 44.4% and 44.1%.
Aggregate data for the Top 25 Markets showed lower occupancy (37.8%) but higher ADR (US$94.21) than all other markets.
Tampa/St. Petersburg, Florida (50.4%) was the only Top 25 Market to reach or surpass 50% occupancy.
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (22.9%), and Chicago, Illinois (26.6%).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.