Each week, STR analysts provide a deep-dive into U.S. hotel performance. The most recent video, highlighting performance for 14-20 June, is linked below.
- U.S. weekend occupancy reached 51%
- Among beach destination markets, Myrtle Beach, S.C. and the Florida Panhandle saw the largest weekend occupancies, 86.8% and 82.4%, respectively.
- Economy class hotels reached a 52.1% occupancy level for the week, while the Upper Upscale class saw a 27.8% occupancy level – the only class to have an occupancy level below 30%.
- RevPAR declined 71% during May. Additional May data can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.