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STR: U.S. Hotel Results for Week Ending 12 September
STR | September 17, 2020
HENDERSONVILLE, Tennessee—U.S. hotel occupancy decreased slightly from the previous week, according to the latest data from STR. 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, demand was 1.6% less, at 17.7 million room nights sold. The highest occupancy markets were those housing displaced residents from Hurricane Laura and western wildfires, with Louisiana North (77...
STR: Canada Hotel Results for Week Ending 12 September
STR | September 17, 2020
HENDERSONVILLE, Tennessee—STR data for 6-12 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant. In comparison with the week of 8-14 September 2019, the industry reported the following: Occupancy: -48.0% to 39.8% Average daily rate (ADR): -32.3% to CAD123.89 Revenue per available room (RevPAR): -64.8% to CAD49.32 Occupancy for previous weeks came in at 41.9%, 42.1% and 42.9%, respectively For the week ending with 12 September, British Columbia (50.9%) was the only province to reach or surpass a 50% occupancy leve...
5 Key Points on Europe Hotel Performance, 10 September
STR | September 15, 2020
Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in Europe as well as our latest forecast updates. How does Europe compare to other regions in the recovery cycle? China hit a 69.4% occupancy level on 18 August, the highest level during the time of the pandemic. Since that date, however, China has started to fall back a bit. During the first weekend of September (4-6 September), the market posted 57.6%, 57.5% and 57.9% occupancy levels, respectively. Europe saw its lowest occupancy level during the firs...
Canada’s Hotel Industry Shows Lower Performance From Prior Weeks
STR | September 11, 2020
HENDERSONVILLE, Tennessee—STR data for 30 August through 5 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant. In comparison with the week of 1-7 September 2019, the industry reported the following: Occupancy: -36.5% to 41.9% Average daily rate (ADR): -26.7% to CAD128.13 Revenue per available room (RevPAR): -53.4% to CAD53.65 Occupancy for previous weeks came in at 42.1%, 42.9% and 41.8%, respectively For the week ending with 5 September, two provinces reached a 50% occupancy level: Prince Edward Isl...
U.S. Hotel Occupancy Gets Boost From Labor Day Weekend
STR | September 11, 2020
HENDERSONVILLE, Tennessee—Boosted in part by Labor Day weekend, U.S. hotel occupancy increased slightly over the previous week, according to the latest data from STR. 30 August through 5 September 2020 (percentage change from comparable week in 2019): Occupancy: 49.4% (-18.9%) Average daily rate (ADR): US$100.97 (-17.1%) Revenue per available room (RevPAR): US$49.87 (-32.8%) Hotel demand grew to 18 million room nights sold (+500,000 week over week). Saturday (5 September) occupancy came in at 69.0%, just 2.6% less than the comparable Saturday in 2019, and leisure markets that have showed the highest summer occupa...
Baird/STR Hotel Stock Index Jumps 19.0% in August
Baird | September 9, 2020
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 19.0% in August to a level of 3,582. Year to date through the first eight months of 2020, the stock index was down 32.0%. “Hotel stocks significantly outperformed in August along with other travel-related stocks as investors cheered continued progress on the medical front and accommodative interest rate policies that are expected to be in place for the foreseeable future,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Both the Hotel Brands and the Hotel REITs outperformed their respective benchmarks by more than 10 perce...
Hurricane Laura Displacements Create Hotel Demand in Louisiana and Texas
STR | September 8, 2020
HENDERSONVILLE, Tennessee—Evacuations and displacements due to Hurricane Laura created hotel demand in markets throughout Louisiana and Texas last week, according to an analysis by STR. During the week of 23-29 August, Louisiana hotel occupancy rose 35.9% from the prior week to an absolute level of 55.7%. Texas hotel occupancy improved 17.0% to a level of 54.4%. “Different from the past natural disasters that have led to widescale evacuations, Hurricane Laura hit at a time when hotel performance is incredibly low because of the pandemic,” said Jan Freitag, STR’s SVP of lodging insights. “Usually with these analyses, we see dem...
STR: Canada Hotel Results for Week Ending 29 August
STR | September 3, 2020
HENDERSONVILLE, Tennessee—STR data for 23-29 August 2020 showed lower performance from prior weeks for Canada’s hotel industry. In comparison with the week of 25-31 August 2019, the industry reported the following: Occupancy: -45.2% to 42.1% Average daily rate (ADR): -25.9% to CAD128.83 Revenue per available room (RevPAR): -59.4% to CAD54.26 Two provinces reached a 50% occupancy level: Prince Edward Island (55.8%) and British Columbia (53.5%). Ottawa (43.4%) was the only major market at or above the 40% mark. The lowest occupancy among provinces was reported in Quebec (32.4%). At the market level, the lowest occupan...
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