Jan Freitag
Hurricane Laura Displacements Create Hotel Demand in Louisiana and Texas
STR | September 8, 2020
HENDERSONVILLE, Tennessee—Evacuations and displacements due to Hurricane Laura created hotel demand in markets throughout Louisiana and Texas last week, according to an analysis by STR. During the week of 23-29 August, Louisiana hotel occupancy rose 35.9% from the prior week to an absolute level of 55.7%. Texas hotel occupancy improved 17.0% to a level of 54.4%. “Different from the past natural disasters that have led to widescale evacuations, Hurricane Laura hit at a time when hotel performance is incredibly low because of the pandemic,” said Jan Freitag, STR’s SVP of lodging insights. “Usually with these analyses, we see dem...
STR: U.S. Hotel Results for Week Ending 4 July
STR | July 9, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 4 July showed a slight decline in occupancy from the previous week, according to STR. 28 June through 4 July 2020 (percentage change from comparable week in 2019): Occupancy: 45.6% (-30.2%) Average daily rate (ADR): US$101.36 (-20.9%) Revenue per available room (RevPAR): US$46.21 (-44.8%) Occupancy had risen in week-to-week comparisons for 11 straight weeks since mid-April. “Demand came in 67,000 rooms lower than the previous week, and beyond that, July 1 was a reopening day for a lot of hotels, further impacting the occupancy equation,” said J...
STR: U.S. Hotel Results for Week Ending 20 June
STR | June 24, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 20 June showed another small rise from previous weeks and less severe year-over-year declines, according to STR. 14-20 June 2020 (percentage change from comparable week in 2019): Occupancy: 43.9% (-41.8%) Average daily rate (ADR): US$92.20 (-31.7%) Revenue per available room (RevPAR): US$40.48 (-60.3%) “Occupancy was up another couple percentage points from last week, marking the 10th consecutive week of such an increase,” said Jan Freitag, STR’s senior VP of lodging insights. “Demand continues to be pushed upward by drive-to spots and the des...
STR: U.S. Hotel Results for Week Ending 9 May
STR | May 14, 2020
HENDERSONVILLE, Tennessee—STR data for 3-9 May 2020 showed continues modest gains in U.S. hotel occupancy compared with previous weeks, but a similar level of year-over-year decline in the three key performance metrics. In comparison with the week of 5-11 May 2019, the industry recorded the following: Occupancy: -55.9% to 30.1% Average daily rate (ADR): -42.1% to US$76.35 Revenue per available room (RevPAR): -74.4% to US$22.95 Previous weekly U.S. weekly occupancy levels: April 26 through May 2: 28.6% April 19-25 2020: 26.0% April 12-18 2020: 23.4% April 5-11 2020: 21.0% “The industry reported its fourth...
STR: U.S. Hotel Results for Week Ending 2 May
STR | May 6, 2020
HENDERSONVILLE, Tennessee—STR data for 26 April through 2 May 2020 showed slightly higher U.S. hotel occupancy compared with previous weeks, but the same significant level of year-over-year decline in the three key performance metrics. In comparison with the week of 28 April through 4 May 2019, the industry recorded the following: Occupancy: -58.5% to 28.6% Average daily rate (ADR): -44.0% to US$74.72 Revenue per available room (RevPAR): -76.8% to US$21.39 Previous weekly U.S. absolute occupancy: April 19-25 2020: 26.0% April 12-18 2020: 23.4% April 5-11 2020: 21.0% “Week-to-week comparisons showed a third ...
STR: U.S. Hotel Construction Hit All-Time High in March
STR | April 20, 2020
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded 214,704 rooms under construction in March 2020, the highest end-of-month total ever reported by STR. The industry’s previous construction peak occurred in December 2007 with 211,694 hotel rooms in construction. That level was slightly surpassed in February 2020 at 211,859 rooms in the final phase of the development pipeline. “The number of rooms in construction will likely remain high, just as it did during the pre-recession peak,” said Jan Freitag, STR’s senior VP of lodging insights. “Because of the coronavirus pandemic, the industry is no longer operating in a rec...
