Hotel Occupancy Continues to Decrease as Winter Nears

U.S. weekly hotel occupancy slipped further from previous weeks, according to the latest data from STR through 14 November. 8-14 November 2020 (percentage change from comparable week in 2019): Occupancy: 43.2% (-32.7%) Average daily rate (ADR): US$90.58 (-28.6%) Revenue per available room (RevPAR): US$39.11 (-52.0%) After...

DMI Hotels is Offering a 20 in 20 Deal for Group Business

The Horseshoe Bay Resort, part of the DMI hotel collection, is providing discounts for any group business that is booked by December 31, 2020, and facilitated before February 28, 2021.  Any meetings or events that match these criteria will receive 20% food and beverage...

Full Hotel Recovery is Still Unlikely Until 2024

With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference. Regardless of the short-term upgrade, the forecast for 2021 remains functionally unchanged and full recovery in revenue per available room...

Hotel Occupancy Falls Below 50% During Third Week of October

U.S. weekly hotel occupancy fell back below the 50% mark, according to the latest data from STR through 24 October. 18-24 October 2020 (percentage change from comparable week in 2019): Occupancy: 48.0% (-31.7%) Average daily rate (ADR): US$95.49 (-29.4%) Revenue per available room (RevPAR): US$45.83...

Hotel Occupancy for Previous Week was Virtually Flat

U.S. hotel occupancy was virtually flat from the previous week at 50.1%, according to the latest data from STR through 17 October. 11-17 October 2020 (percentage change from comparable week in 2019): Occupancy: 50.1% (-30.7%) Average daily rate (ADR): US$97.69 (-28.3%) Revenue per available room (RevPAR): US$48.91...

U.S. Leads in Hotel Openings During Pandemic

The U.S. opened more hotels and rooms than any country between the beginning of March and end of September, according to global pipeline data from STR. At the same time, the country has shown significant growth in project deferrals and abandonments. As of 1 October, the...

Hotel Occupancy Remains Flat During Third Week of September

U.S. hotel occupancy remained nearly flat from the previous week, according to the latest data from STR through 26 September. 20-26 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.7% (-31.5%) Average daily rate (ADR): US$96.38 (-29.6%) Revenue per available room (RevPAR): US$46.96 (-51.7%) Most of...

Survey Shows 67% of Hotels Will Not Survive Without Another Stimulus Bill

With Congress remaining gridlocked and failing to pass another round of COVID-19 recovery legislation, the American Hotel & Lodging Association (AHLA) is hosting a virtual press conference Tuesday, September 29, 2020, at 12:30 PM ET/9:30 AM PT.  This conference will feature the hotel industry...

Hotel Occupancy Plateaus for Third Week of September

U.S. hotel occupancy was nearly flat from the previous week, according to the latest data from STR. 13-19 September 2020 (percentage change from comparable week in 2019): Occupancy: 48.6% (-31.9%) Average daily rate (ADR): US$95.84 (-28.9%) Revenue per available room (RevPAR): US$46.54 (-51.6%) Demand rose slightly (+0.3%),...

Hotel Occupancy Slightly Decreases After Labor Day Weekend

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,...