STR: U.S. Q3 2020 Hotel Performance

STR | October 21, 2020

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported its lowest third-quarter occupancy level on record, according to Q3 2020 data from STR. Q3 2020 (percentage change from Q3 2019): Occupancy: 48.0% (-32.2%) Average daily rate (ADR): US$101.25 (-24.1%) Revenue per available room (RevPAR): US$48.58 (-48.5%) The absolute occupancy and RevPAR levels were the lowest for any Q3 in STR’s U.S. database. Among the Top 25 Markets, Oahu Island, Hawaii, saw the lowest occupancy level (24.1%), while Norfolk/Virginia Beach, Virginia, experienced the highest occupancy (61.4%). Three additional Top 25 Markets reported occu...