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    Home»MEET Med Misc.»Medical Meeting News»Hotel Occupancy Falls Below 50% During Third Week of October
    Medical Meeting News

    Hotel Occupancy Falls Below 50% During Third Week of October

    The MEET® Family of PublicationsBy The MEET® Family of PublicationsOctober 30, 2020Updated:April 8, 2021No Comments1 Min Read
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    U.S. weekly hotel occupancy fell back below the 50% mark, according to the latest data from STR through 24 October.

    18-24 October 2020 (percentage change from comparable week in 2019):

    • Occupancy: 48.0% (-31.7%)
    • Average daily rate (ADR): US$95.49 (-29.4%)
    • Revenue per available room (RevPAR): US$45.83 (-51.8%)

    Aggregate data for the Top 25 Markets showed lower occupancy (43.2%) but higher ADR (US$99.81) than all other markets.

    Four of those major markets reached or surpassed 50% occupancy: Norfolk/Virginia Beach, Virginia (54.1%); Tampa/St. Petersburg, Florida (53.8%); Phoenix, Arizona (53.6%); and Atlanta, Georgia (50.2%).

    Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (23.4%), and Minneapolis/St. Paul, Minnesota-Wisconsin (33.9%).

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