trending Market Intelligence /marketintelligence/en/news-insights/trending/8pnqdajdfsgluqepowqrjq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

STR: US hotels post gains in key performance metrics for week ended Sept. 1

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


STR: US hotels post gains in key performance metrics for week ended Sept. 1

U.S. hotels logged positive performance for the week ended Sept. 1, according to STR data.

Year over year, revenue per available room rose 4.6% to $83.88, and average daily rate increased 3.0% to end the week at $125.16. Occupancy ticked up 1.6%, to 67.0%.

Orlando, Fla., saw the largest rise in ADR of the top 25 U.S. markets, adding 8.4% to $105.61, while St. Louis, Mo.-Ill., logged the highest RevPAR uptick at 21.1% to $70.51.

New Orleans saw the largest boost in occupancy, with the metric rising 17.1%, to 53.6%.

Houston saw RevPAR fall 19.2% to $55.94, the largest decrease. The market also posted the biggest ADR decrease, declining 4.2% to $95.94, and reported the largest decline in occupancy, dropping 15.6%, to 58.3%. Dallas also saw the biggest occupancy drop for the week, falling 15.6%, to 62.8%.