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July Employment Numbers Show Uptick in Accommodation Jobs

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On Friday, the Bureau of Labor Statistics released its July 2020 employment report. BLS reported that a July unemployment rate of 10.2 percent and an increase of total nonfarm payroll employment by 1.8 million. Of note, leisure and hospitality reported job gains in July, adding 592,000 jobs in the sector—about one-third of the country’s total gain. However, accommodation jobs...

Baird/STR Hotel Stock Index Dropped 1.7 Percent in July

Baird/STR Hotel Stock Index — 2020 Monthly Returns — July 2020
HENDERSONVILLE, Tenn., and MILWAUKEE — The Baird/STR Hotel Stock Index declined 1.7 percent in July to a level of 3,010. Year to date through the first seven months of 2020, the stock index was down 42.9 percent. “Hotel stocks underperformed again in July as industry-wide occupancy growth continued to moderate on a weekly sequential basis,” said Michael Bellisario, senior hotel...

STR: Occupancy and Room Rates Inch Higher in the Final Week of July

July 2020
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of July 26 through August 1, 2020, showed slightly higher occupancy and room rates from the previous week, according to STR. U.S. Hotel Industry KPIs July 26-Aug. 1, 2020 vs. July 28-Aug. 3, 2019   Occupancy: 48.9% (-34.5%) ADR: $100.04 (-25.3%) RevPAR: $48.96 (-51.1%) Compared to July 28 through August 3, 2019, occupancy declined 34.5 percent...

STR Data for July 19-25: Occupancy and Room Rates Up Slightly

July 2020
HENDERSONVILLE, Tenn.—U.S. hotel performance data for the week of July 19-25, 2020, showed slightly higher occupancy and room rates from the previous week, according to STR. U.S. Hotel Industry KPIs July 19-25, 2020 vs. July 21-27, 2019   Occupancy: 48.1% (-37.9%) ADR: $99.24 (-27.3%) RevPAR: $47.75 (-54.8%) Compared to the same week last year (July 21-27, 2019), occupancy declined 37.9 percent to 48.1 percent, average daily...

STR Reports U.S. Hotel Results for Week of July 12-18

July 2020
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of July 12-18, 2020, showed slightly higher occupancy and room rates from the previous week, according to STR. Compared to the same week last year (July 14-21, 2019), occupancy fell 38.9 percent to 47.5 percent, average daily rate (ADR) declined 28 percent to $98.56, and revenue per available room (RevPAR)...