STR Reports at Least 155 New Orleans Hotels Currently Closed Because of Hurricane Ida

Hurricane Satelitte Image - Source - Nasa
STR Reports at Least 155 New Orleans Hotels Currently Closed Because of Hurricane Ida

In the aftermath of Hurricane Ida, at least 155 New Orleans hotels are temporarily closed due to power outages, staffing issues and third-party services such as linen providers being offline, according to the latest data and analysis from STR.
 
Including all NOLA data benchmarking participants, STR researched the operating status of 208 hotels accounting for 35,835 rooms. From that group, 155 properties (75%) and 28,756 rooms (80%) are currently closed.
 
Because most closures are due to temporary conditions around the city and not property damage, the expectation is there will not be widespread permanent closures. Most hotels are showing short-term reopening dates as of now, but there will be shifts in dates in the coming weeks and months as properties make determinations based on power restoration, supplier availability, staffing and demand.
 
Of the estimated 155 properties currently closed, 41 are not reporting a projected opening date.

Projected reopenings by month:

Month Properties Rooms % of current room closures
September 30 10,290 35.8%
October 46 7,065 24.6%
Nov./Dec. 23 2,982 10.4%
2022+ 15 1,446 5.0%
No date currently listed 41 6,973 24.2%
Totals 155 28,756  

 

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.