Hurricane Ida
Latest Hurricane Ida Analysis Reflects Vast Reopening in New Orleans
STR | September 22, 2021
Following up on STR’s initial Hurricane Ida analysis from 10 September, a vast majority of hotels in the New Orleans MSA have reopened with improving occupancy levels, especially in the core city center/central business district. This high volume of reopenings was to be expected because most closures were due to short-term power outages rather than property damage. Remaining short-term temporary closures are mostly concentrated in submarkets outside of the city. In terms of Ida-related demand, data for 5-11 September indicated a smaller shift compared with the previous week. Occupancy moved downward in safe harbor markets in Alabama, Mis...
Hurricane Ida Impact on Hotels
STR | September 10, 2021
Almost two weeks after Hurricane Ida made landfall, the impact of the storm is becoming clearer. Reports show the latest death toll at more than 130 between the Gulf region and the Northeast, and officials in New Orleans are still advising evacuees to stay away from the affected areas due to continued power outages, road blockages, and disruptions in other essential services. The picture is also coming together on the secondary impact on the hotel industry, not only in the Gulf region, but in those parts of the Northeastern U.S. that were hit by the remnants of this catastrophic storm. We continue to keep those affected in our thoughts ...
