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STR: U.S. hotel performance falls in the first week of August

St. Louis reported the largest occupancy increase during the week

STR: U.S. hotel performance falls in the first week of August

U.S. HOTEL PERFORMANCE fell in the first week of August compared to the week before following seasonal patterns, according to STR. However, ADR and RevPAR were up compared to the same period in 2019.

Occupancy was 69.9 percent for the week ending August 6, down from 71.9 percent the week before and dropped 5.7 percent from 2019. ADR was $154.48 for the week, decreased from $158.32 the week before and increased 15.1 percent from three years ago. RevPAR reached $108.04 during the week, down from $113.90 the week before and up 8.5 percent from 2019.


St. Louis reported the largest occupancy increase during the week, up 7.1. percent to 75.9 percent, over 2019, among STR's top 25 markets. Oahu Island (84.6 percent) led major markets in absolute occupancy during the first week of August, followed by Seattle (84.8 percent), and San Diego (83.8 percent).

San Diego posted the largest ADR gain, up 32 percent to $244.86, over three years ago. The steepest RevPAR deficit was in San Francisco, down 27.6 percent to $166.80, over 2019.

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Vision to Manage SpringHill Suites in Goose Creek, S.C.

Vision to manage SpringHill Suites Goose Creek, S.C.

Summary:

  • Vision Hospitality to manage 109-room SpringHill Suites Goose Creek, opening 2027.
  • The property is being developed by Clarendon Properties and CRAD.
  • It features 1,000 square feet of meeting space.

VISION HOSPITALITY GROUP Inc. will manage the SpringHill Suites by Marriott Goose Creek. The 109-room hotel is scheduled to open early 2027 in Summerville, South Carolina.

The hotel is being developed by Clarendon Properties LLC in partnership with Commercial Realty Advisors Development. The project marks a new management collaboration between Vision and the developers, Vision said in a statement.

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