STR: Occupancy Declines Further in Second Week of November

November 2020

HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy for November 8-14, 2020, slipped further from previous weeks, according to the latest data from STR.

U.S. Hotel Industry Performance

Nov. 8-14, 2020 vs. Nov. 10-16, 2019

 

Occupancy: 43.2% (-32.7%)
ADR: $90.58 (-28.6%)
RevPAR: $39.11 (-52.0%)

During the week of November 8-14, 2020, occupancy dropped 32.7 percent year over year to 43.2 percent, average daily rate (ADR) fell 28.6 percent year over year to $90.58, and revenue per available room (RevPAR) declined 52 percent year over year to $39.11.

After ranging between 48 percent and 50 percent occupancy from mid-July into the latter portion of October, the last three weeks have produced lower levels: 44.4 percent for the week of October 25-31, 44.1 percent for the week of November 1-7, and 43.2 percent for the week of November 8-14.

Aggregate data for the Top 25 Markets showed lower occupancy (39.7 percent) but higher ADR ($96.31) than all other markets during the week of November 8-14, 2020. With occupancy at 52.7 percent, Phoenix, Arizona, was the only Top 25 Market to reach or surpass 50 percent occupancy.

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Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (24 percent), and Chicago, Illinois (29.3 percent).

 


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