• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Knowland

Knowland

  • Solutions
    • Hotel Properties
    • Above Property Management
    • Convention Centers and Other Venues
    • Features & Pricing
  • Resources
    • Meetings Recovery Forecast
    • Success Stories
    • White Papers & Datasheets
    • Webcasts & Events
    • Blog
    • Glossary
  • Customers
    • Customer Sign In >
    • Support & Training
    • Billing Inquiries >
  • About Us
    • Meet Knowland
    • Culture
    • Job Openings
    • Press & Media
    • Contact Us
  • Support
  • Sign In
  • Request a Demo
  • Support
  • Sign In >
Request a Demo >

STR: U.S. Hotel Results for the Week Ending June 6

June 14, 2020

HENDERSONVILLE, Tennessee—STR data ending with 6 June showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded previously.

31 May through 6 June 2020 (percentage change from comparable week in 2019):

  • Occupancy: 39.3% (-45.3%)
  • Average daily rate (ADR): US$85.01 (-35.9%)
  • Revenue per available room (RevPAR): US$33.43 (-65.0%)

*Previous weekly U.S. weekly occupancy levels:

  • 24-30 May 2020: 36.4%
  • 17-23 May 2020: 35.3%
  • 10-16 May 2020: 32.3%
  • 3-9 May 2020: 30.3%
  • 26 April – 2 May 2020: 28.8%
  • 19-25 April 2020: 26.2%
  • 12-18 April 2020: 24.4%
  • 5-11 April 2020: 22.0%

“Not much different from previous weeks, occupancy continued to climb toward the 40% mark with noticeably higher levels on Friday and Saturday,” said Jan Freitag, STR’s senior VP of lodging insights. “The lower end of the market continued to lead, with economy properties finally selling more than half of their rooms again, although all hotel classes were comfortably above 20%. Drilling down to the submarket level, the highest occupancy levels were recorded in various pockets of New York City as well as popular leisure spots in Florida, Texas and South Carolina. Thanks to higher demand, one submarket, West Palm Beach, showed a 21.0% year-over-year ADR increase for the entire week.

“Once again, there wasn’t a significant week-to-week change in the markets that were the focus of protests and unrest. Like we noted last week, there was not a great deal of demand in downtown areas previously, and most of the major metros showed small gains from the previous week.”

Aggregate data for the Top 25 Markets showed lower occupancy (35.4%) than the national average, but slightly higher ADR ( US$88.54).

Seven of those markets saw occupancy levels above 40%: Norfolk/Virginia Beach, Virginia (48.4%); New York, New York (47.1%); Phoenix, Arizona (44.7%); Philadelphia, Pennsylvania-New Jersey (42.8%); Tampa/St. Petersburg, Florida (41.8%); Atlanta, Georgia (41.4%); and Detroit, Michigan (40.8%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (10.6%); Orlando, Florida (23.5%); and Boston, Massachusetts (24.0%).

Of note, in Seattle, Washington, occupancy was 29.5%, up slightly from 28.1% the week prior.

*Data updated 10 June 2020

Source: STR © CoStar Group, Inc.

Subscribe to Knowland here!

Category iconFinance

Footer

  • Solutions
    • Hotel Properties
    • Above Property Management
    • Convention Centers and Other Venues
    • Features & Pricing
    • Demo Request >
  • Resources
    • Meetings Recovery Forecast
    • Success Stories
    • White Papers & Datasheets
    • Webcasts & Events
    • Blog
    • Glossary
  • Customers
    • Customer Sign In >
    • Support & Training
    • Billing Inquiries >
  • About Us
    • Meet Knowland
    • Culture
    • Job Openings
    • Press & Media
    • Contact Us >

LinkedIn Profile Twitter Profile Facebook Profile

info@knowland.com

clientcare@knowland.com

202-312-5880

1735 N Lynn St. Suite 600
Arlington, VA 22209

© 2004–2022 Knowland Group

Privacy Policy

Cookie Settings