Occupancy Rates
STR: U.S. Hotel Results for Week Ending 12 September
STR | September 17, 2020
HENDERSONVILLE, Tennessee—U.S. hotel occupancy decreased slightly from the previous week, according to the latest data from STR. 6-12 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.5% (-30.2%) Average daily rate (ADR): US$98.99 (-25.5%) Revenue per available room (RevPAR): US$47.96 (-48.1%) Occupancy for the week prior was above 49.0%, lifted by Labor Day Weekend. For the week ending with 12 September, demand was 1.6% less, at 17.7 million room nights sold. The highest occupancy markets were those housing displaced residents from Hurricane Laura and western wildfires, with Louisiana North (77...
STR: U.S. Hotel Results for Week Ending 30 May
STR | June 4, 2020
HENDERSONVILLE, Tennessee—STR data ending with 30 May 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. 24-30 May 2020 (percentage change from comparable week in 2019): Occupancy: 36.6% (-43.2%) Average daily rate (ADR): US$82.94 (-33.3%) Revenue per available room (RevPAR): US$30.34 (-62.1%) *Previous weekly U.S. weekly occupancy levels: 17-23 May 2020: 35.4% 10-16 May 2020: 32.4% 3-9 May 2020: 30.4% 26 April - 2 May 2020: 28.9% 19-25 April 2020: 26.2% 12-18 April 2020: 24.4...
Analysis: At What Occupancy Rate Can a Hotel Break-Even?
HotStats | May 14, 2020
By David Eisen and Laura Resco COVID-19 has made breaking-even more tolerable than the alternative—going broke. It's not the hand hoteliers wanted, but it's the hand they've been dealt, forcing them to approximate at what occupancy rate they can operate their hotel such that cost and revenue are equal. In these extraordinary times, it's been all pain, no gain. But as the global economy resets, hoteliers are digging themselves out from the coronavirus carnage. And a break-even analysis is one way to jumpstart the excavation project. One hotelier who knows this is Imesh Vaidya, CEO of Premier Hospitality, which is based in Alb...
