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STR: US hotels log positive results for week ended Sept. 30

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Capital Markets View – January 2021


STR: US hotels log positive results for week ended Sept. 30

U.S. hotels logged positive performance for the week ended Sept. 30, according to STR data.

Year over year, revenue per available room increased 1.2% to $90.13, and average daily rate rose 0.8% to finish the week at $128.29. Occupancy ticked up 0.4% to 70.3%.

Houston logged the largest RevPAR increase of the top 25 U.S. markets at 55.6% to $100.59 and posted the largest uptick in occupancy, with the metric rising 42.9%, to 86.7%.

Orlando saw the largest rise in ADR, adding 17.9% to $125.34.

Minneapolis/St. Paul, Minn.-Wis., saw RevPAR drop 39.0% to $94.95, the largest decrease. The market also logged the biggest ADR decrease, falling 31.0% to $125.43, and reported the steepest decline in occupancy, dropping 11.6%, to 75.7%.