Week Ending October 10th U.S. Hotel Weekly Occupancy Hit 50% For Second Time Since Low Point Of The Pandemic
October 16, 2020
U.S. hotel weekly occupancy hit 50% for just the second time since the low point of the pandemic, according to the latest data from STR through 10 October.
October 4-10, 2020 (percentage change from comparable week in 2019):
- Occupancy: 50.0% (-29.2%)
- Average daily rate (ADR): $97.67 (-25.9%)
- Revenue per available room (RevPAR): $48.85 (-47.5%)
While a handful of the highest occupancy markets were those in areas affected by natural disasters (i.e. California wildfires), Saturday produced the week’s highest occupancy (65.2%) and ADR ($110.84), indicating that the leisure and weekend staycation demand seen during the summer may make appearances into the fall.
Aggregate data for the Top 25 Markets showed lower occupancy (44.1%) but higher ADR ($101.17) than all other markets.
Seven of those major markets reached or surpassed 50% occupancy, led by Norfolk/Virginia Beach, Virginia (54.7%); Houston, Texas (54.4%) and San Diego, California (54.2%).
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (19.3%) and Orlando, Florida (33.7%).