trending Market Intelligence /marketintelligence/en/news-insights/trending/R2tyA16nqcBOnJnygkQ8qg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

STR: US hotels log positive results for week ended Oct. 7

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


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

STR: US hotels log positive results for week ended Oct. 7

U.S. hotels posted positive performance for the week ended Oct. 7, according to STR data.

Year over year, revenue per available room rose 3.0% to $93.51, and average daily rate, or ADR, rose 2.0% to end the week at $130.92. Occupancy ticked up 0.9% to 71.4%.

Houston saw the largest RevPAR increase of the top 25 U.S. markets at 66.0% to $99.25 and posted the largest increase in occupancy, with the metric rising 45.0%, to 85.9%.

Orlando, Fla., saw the largest uptick in ADR, adding 15.6% to $132.25.

RevPAR in New Orleans dropped 25.8% to $78.49, the largest decrease, and Minneapolis/St. Paul, Minn.-Wis., logged the biggest ADR decrease, dropping 11.7% to $125.43.

New Orleans also recorded the steepest decline in occupancy, falling 19.6%, to 58.2%.