July 08, 2020

STR: US Hotel Results for Week Ending 27 June

U.S. hotel occupancy decreased 38.7% to 46.2% during the week of 21-27 June. ADR fell 29% to $95.37 and RevPAR dropped 56.5% to $44.03.

U.S. hotel performance data for the week ending 27 June showed another small rise from previous weeks and less severe year-over-year declines, according to STR.

21-27 June 2020 (percentage change from comparable week in 2019):

  • Occupancy: 46.2% (-38.7%)
  • Average daily rate (ADR): US$95.37 (-29.0%)
  • Revenue per available room (RevPAR): US$44.03 (-56.5%)
US Hotel Occupancy

Aggregate data for the Top 25 Markets showed lower occupancy (40.0%) than the national average and only slightly higher ADR (US$95.43).

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (61.4%).

Two additional markets surpassed 50% occupancy: Detroit, Michigan (52.0%) and Tampa/St. Petersburg, Florida (51.1%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (15.0%); Boston, Massachusetts (27.5%); and Orlando, Florida (28.9%).

Of note, in New York, New York, occupancy was 42.4%, down from 43.6% the week prior. In Seattle, Washington, occupancy was 33.2%, flat from the previous week.

Copyright 2020 CoStar Realty Information, Inc. All rights reserved. From https://www.hotelnewsnow.com. By HNN Newswire.

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