ADR fell 28.8% to $92.08 and RevPAR declined 52.3% to $29.94.
U.S. weekly hotel occupancy fell to its lowest level since early May, according to STR‘s latest data for the week of Christmas.
20-26 December 2020 (percentage change from comparable week in 2019):
• Occupancy: 32.5% (-33.0%)
• Average daily rate (ADR): US$92.08 (-28.8%)
• Revenue per available room (RevPAR): US$29.94 (-52.3%)
Aggregate data for the Top 25 Markets showed identical occupancy (32.5%) but higher ADR (US$94.36) than all other markets.
Among the Top 25 Markets, Miami/Hialeah, Florida (47.5%) saw the highest occupancy level.
Top 25 Markets with the lowest occupancy levels for the week included Minneapolis/St. Paul, Minnesota-Wisconsin (22.3%), and Boston, Massachusetts (23.5%).
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.