STR: US hotel results for week ending 7 November
 
STR: US hotel results for week ending 7 November
12 NOVEMBER 2020 10:27 AM

U.S. hotel occupancy fell 35.9% to 44.2% during the week of 1-7 November, ADR declined 31.1% to $91.40 and RevPAR decreased 55.8% to $40.36.

HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy was relatively flat from the previous week, according to the latest data from STR through 7 November.

1-7 November 2020 (percentage change from comparable week in 2019):

• Occupancy: 44.2% (-35.9%)
• Average daily rate (ADR): US$91.40 (-31.1%)
• Revenue per available room (RevPAR): US$40.36 (-55.8%)

Down slightly from 44.4% the prior week, the country’s occupancy level was its lowest since the week of June 14-20.

Aggregate data for the Top 25 Markets showed lower occupancy (39.9%) but higher ADR (US$97.13) than all other markets.

Only two of those major markets reached or surpassed 50% occupancy: Phoenix, Arizona (55.1%); and New Orleans, Louisiana (53.9%)

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (24.0%), and Minneapolis/St. Paul, Minnesota-Wisconsin (30.0%).

Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.

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