STR: US hotel results for week ending 9 May

U.S. hotel occupancy fell 55.9% to 30.1% during the week of 3-9 May. ADR declined 42.1% to $76.35 and RevPAR dropped 74.4% to $22.95.

By  HNN Newswire HENDERSONVILLE, Tennessee—STR data for 3-9 May 2020 showed continues modest gains in U.S. hotel occupancy compared with previous weeks, but a similar level of year-over-year decline in the three key performance metrics. In comparison with the week of 5-11 May 2019, the industry recorded the following: • Occupancy: -55.9% to 30.1% • Average daily rate (ADR): -42.1% to US$76.35 • Revenue per available room (RevPAR): -74.4% to US$22.95 Previous weekly U.S. weekly occupancy levels: • April 26 through May 2: 28.6% • April 19-25 2020: 26.0% • April 12-18 2020: 23.4% • April 5-11 2020: 21.0% “The industry reported its fourth consecutive week-to-week increase in demand as the slow and steady ascent in national occupancy continued,” said Jan Freitag, STR’s senior VP of lodging insights. “More people are flying, as shown in daily checkpoint counts from the TSA, and more people are staying in hotels for a variety of purposes—the weekly number of rooms sold topped 10 million for the first time since the end of March. The markets benefiting more from leisure sources in areas with more relaxed distancing measures will see a sharper recovery line than others. Overall, the recovery will be uneven across the country.” Aggregate data for the Top 25 Markets showed larger year-over-year declines than the national averages: occupancy (-63.2% to 27.9%), ADR (-49.5% to US$82.68) and RevPAR (-81.4% to US$23.07). Among those Top 25 Markets, Oahu Island, Hawaii, experienced the largest drop in occupancy (-87.1% to 10.3%), which resulted in the steepest decrease in RevPAR (-91.2% to US$15.22). Boston, Massachusetts, posted the largest decline in ADR (-59.8% to US$88.45). Of note, absolute occupancy in New York, New York, was 43.7%, down slightly from 44.9% the previous week. In Seattle, Washington, occupancy was 24.8%, up from 23.8% the week prior. Download STR's weekly U.S. hotel review here. 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. North America Media Contact Haley Luther Communications Coordinator hluther@str.com +1 (615) 824-8664 ext. 3500 General Media Inbox: media@str.com The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com. No Comments Log In or enter name Comment Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff. POST TRENDING 1Sorenson: Marriott performance may have bottomed out2COVID-19 and hotels: What we’ve learned so far3Hotel firms seek outside help to set cleaning protocols4Revenue managers predict how pricing tools will react5Park officials want to stick to strategy RELATED ARTICLES STR: Canada hotel results for week ending 9 MaySTR: Canada hotel results for week ending 2 MaySTR: US hotel results for week ending 2 MaySTR: US hotel results for week ending 25 AprilSTR: Canada hotel results for week ending 25 April

Weekly Data STR: Canada hotel results for week ending 9 May 14 MAY 2020 8:54 AM Canada's hotel occupancy declined 73.9% to 17.5%, ADR decreased 37.7% to 101.47 Canadian dollars ($71.84) and RevPAR plummeted 83.7% to CA$17.75 ($12.57). By  HNN Newswire HENDERSONVILLE, Tennessee—The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 3-9 May 2020, according to data from STR. In comparison with the week of 5-11 May 2019, the industry reported the following: • Occupancy: -73.9% to 17.5% • Average daily rate (ADR): -37.7% to CAD101.47 • Revenue per available room (RevPAR): -83.7% to CAD17.75 Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-86.0% to 7.1%). British Columbia posted the steepest drop in ADR (-44.4% to CAD107.58). Quebec reported the largest decrease in RevPAR (-88.4% to CAD12.66). Among the major markets, Ottawa saw the largest drop in occupancy (-83.2% to 14.2%). Vancouver registered the steepest decline in ADR (-49.1% to CAD117.50). Toronto recorded the largest decrease in RevPAR (-91.1% to CAD15.45). 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 www.costargroup.com. North America Media Contact: Haley Luther Communications Coordinator hluther@str.com +1 (615) 824-8664 ext. 3500 General Media Inbox: media@str.com The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.