U.S. hotel occupancy fell 37.4% to 37.8% during the week of 6-12 December. ADR dipped 31.7% to $85.88 and RevPAR decreased 57.3% to $32.49.
U.S. weekly hotel occupancy remained relatively flat from the previous week, according to the latest data from STR through 12 December.
6-12 December 2020 (percentage change from comparable week in 2019):
Occupancy: 37.8% (-37.4%)
Average daily rate (ADR): US$85.88 (-31.7%)
Revenue per available room (RevPAR): US$32.49 (-57.3%)
Aggregate data for the Top 25 Markets showed lower occupancy (35.6%) but higher ADR (US$90.81) than all other markets.
Among the Top 25 Markets, Tampa/St. Petersburg, Florida (47.6%) saw the highest occupancy level.
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (22.8%) and Minneapolis/St. Paul, Minnesota-Wisconsin (24.1%).
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.