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STR: Labor Day pulls U.S. hotel performance down in week of Sept. 10

Orlando reported the only occupancy increase

STR: Labor Day pulls U.S. hotel performance down in week of Sept. 10

USA Labor Day : THE LABOR DAY calendar shift pulled U.S. hotel performance down in the second week of September, compared to the week before, as expected, according to STR. The weekly performance was also down when compared to 2019.

Occupancy was 61.7 percent for the week ending Sept. 10, down from 62.8 percent the week before and decreased 11.2 percent from 2019. ADR was $146.80 for the week, down from $147.14 the week before and increased 10.6 percent from three years ago. RevPAR reached $90.50 during the week, dipped from $92.45 the week before and decreased 1.8 percent from 2019.


Orlando reported the only occupancy increase, up 1.5 percent to 59.3 percent, among STR’s top 25 markets, when compared to 2019.

Miami reported the largest ADR gain, increased 34.1 percent to$175.85, over 2019.

The steepest RevPAR decline was reported in San Francisco, down 39.6 percent to $137.61, and Washington, D.C, down 39.6 percent to $84.92, over 2019.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

Summary:

  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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