Hotel occupancy is up for fifth week in a row

The sector will remain dependent on leisure travelers, while uncertainty remains over large gatherings, according to STR

National /
May.May 20, 2020 02:09 PM
(Credit: iStock)

(Credit: iStock)

Hotel occupancy increased for the fifth week in a row, though the industry remains in a deep rut.

U.S. hotels saw nearly 11 million room nights during the week ending May 16, bringing occupancy up a little more than two percentage points from 32.4 percent the week prior, according to the latest figures from hospitality data firm STR. Still, occupancy was down roughly 54 percent from the same time last year.

STR senior vice president Jan Freitag called the improving weekly numbers a trend of “less bad” as states began to roll back some social distancing measures taken to slow the spread of the coronavirus pandemic.

“All 50 states have at least partially reopened, so slow weekly demand growth should continue with more leisure activity around the country,” he said, noting that areas with access to destinations like beaches or national parks that travelers can visit by car are helping fill hotel rooms on weekends. “The industry will remain largely dependent on the leisure segment as uncertainty remains over when hotels will be ready to accommodate large events and group business.”

In New York City, occupancy remained virtually unchanged from the previous week at nearly 44 percent, a figure that was roughly half of the occupancy rate the same time last year. Revenue per available room fell below $53 from the week before — down more than 80 percent on the year.

As the pandemic continues to hammer the city’s hospitality industry, Marriott International has given notice that it will shutter the 452-room Times Square Edition hotel this summer.

Miami, Los Angeles and Chicago all saw modest weekly gains in occupancy.

Miami’s occupancy rate rose two percentage points from the previous week to 26.5 percent, while Los Angeles’ rate remained virtually flat at 35.8 percent and Chicago climbed a little more than two points from the week before to 26.8 percent.

Contact Rich Bockmann at [email protected] or 908-415-5229


Related Articles

arrow_forward_ios
Shore Park building with Gloria and Emilio Estefan (Douglas Elliman, Getty)
Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M
Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M
Ronny Finvarb and a rendering of the hotel (GEK Architecture)
Miami Beach residents rally against proposed hotel in Sunset Harbour
Miami Beach residents rally against proposed hotel in Sunset Harbour
Joseph Chetrit and a rendering of the Collins Park project (Getty, Kobi Karp)
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Fontainebleau Miami Beach, Jeffrey Soffer and former President Donald Trump (Ebyabe/Wikipedia, Getty, iStock)
Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
Setai Miami Beach and owners Joe, Ralph and Avi Nakash. (Setai)
Setai Miami Beach bans unwelcome hotel guest from using amenities: lawsuit
Setai Miami Beach bans unwelcome hotel guest from using amenities: lawsuit
Russell Galbut and a rendering of the project (Studio MCG Architecture)
Russell Galbut wants to turn South Beach hotel and adjacent building into offices and restaurants
Russell Galbut wants to turn South Beach hotel and adjacent building into offices and restaurants
Ronny Finvarb with a rendering of 1790 Alton Road (GEK Architecture)
Miami Beach to prohibit hotels in Sunset Harbour? Zoning overhaul could derail Ronny Finvarb’s project
Miami Beach to prohibit hotels in Sunset Harbour? Zoning overhaul could derail Ronny Finvarb’s project
Domenic Gatto and Banyan Cay Resort and Club (Linkedin, iStock, Banyan Cay)
Developer of Banyan Cay Resort in West Palm faces charge tied to $65M healthcare fraud
Developer of Banyan Cay Resort in West Palm faces charge tied to $65M healthcare fraud
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...