30 August through
Occupancy: 49.4% (-18.9%)
Average daily rate (ADR):
Revenue per available room (RevPAR):
Hotel demand grew to 18 million room nights sold (+500,000 week over week). Saturday (5 September) occupancy came in at 69.0%, just 2.6% less than the comparable Saturday in 2019, and leisure markets that have showed the highest summer occupancy levels reported strong increases from the previous weekend. At the same time, the markets with the highest occupancy for the week were not leisure destinations. Rather, the high occupancy markets were those housing displaced residents from Hurricane Laura and the
STR:
Aggregate data for the Top 25 Markets showed lower occupancy (44.3%), but higher ADR (
Five additional markets reached or surpassed 50% occupancy:
Markets with the lowest occupancy levels for the week included
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
Contact
Communications Coordinator
Phone: +1 615 824 8664 ext. 3500
(C) 2020 Electronic News Publishing, source