U.S. Hotel Industry Reports 22.6 Percent Occupancy for Week Ending March 28th - 2020

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Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 22-28 March 2020, according to data from STR. 

In comparison with the week of 24-30 March 2019, the industry recorded the following:

  • Occupancy: -67.5% to 22.6%

  • Average daily rate (ADR): -39.4% to US$79.92

  • Revenue per available room (RevPAR): -80.3% to US$18.0500

    Aggregate data for the Top 25 Markets showed steeper declines across the metrics: occupancy (-74.5% to 19.6%), ADR (-43.9% to US$89.71) and RevPAR (-85.7% to US$17.60).  

    New Orleans, Louisiana, recorded the steepest decline in RevPAR (-92.8% to US$10.27), due primarily to the second-largest decreases in occupancy (-84.9% to 12.7%) and ADR (-52.3% to US$80.74).

    Oahu Island, Hawaii, experienced the steepest drop in occupancy (-86.4% to 10.5%).

    Miami/Hialeah, Florida, posted the largest decline in ADR (-57.9% to US$116.64). 

    Of note, occupancy in New York, New York, was down 81.8% to 15.2%. In Seattle, Washington, occupancy dropped 76.6% to 18.5%.

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