U.S. Hotels Reach 50% Occupancy During Second Week of July

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U.S. weekly hotel occupancy hit 50.0% for the first time since mid-March, according to the latest data from STR.

9-15 August 2020 (percentage change from comparable week in 2019):

  • Occupancy: 50.2% (-30.0%)
  • Average daily rate (ADR): US$101.41 (-23.0%)
  • Revenue per available room (RevPAR): US$50.87 (-46.1%)

U.S. occupancy has risen week over week for 17 of the last 18 weeks, although growth in demand (room nights sold) has slowed. The week ending 14 March was the last with occupancy of at least 50.0%.

Aggregate data for the Top 25 Markets showed lower occupancy (42.2%) and ADR (US$99.29) than all other markets.

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (65.3%).

Four additional markets reached or surpassed 50% occupancy: Philadelphia, Pennsylvania-New Jersey (52.7%); San Diego, California (51.8%); Detroit, Michigan (51.5%); and Los Angeles/Long Beach, California (50.8%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (22.8%), and Orlando, Florida (29.9%).

MK

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