The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 4-10 August 2019, according to data from STR.
In comparison with the week of 5-11 August 2018, the industry recorded the following:
• Occupancy: -1.4% to 74.1%
• Average daily rate (ADR): +0.4% to US$133.36
• Revenue per available room (RevPAR): -1.0% at US$98.88
Among the Top 25 Markets, Minneapolis/St. Paul, Missouri-Wisconsin, experienced the highest rise in occupancy (+6.8% to 84.1%), which drove the only double-digit increase in RevPAR (+10.3% to US$109.00).
Anaheim/Santa Ana, California, posted the largest lift in ADR (+6.9% to US$195.54).
Phoenix, Arizona, reported the second-largest jumps in occupancy (+5.8% to 66.4%) and RevPAR (+9.5% to US$59.21).
St. Louis, Missouri-Illinois, registered the steepest decreases in each of the three key performance metrics: occupancy (-11.8% to 70.9%), ADR (-13.2% to US$106.09) and RevPAR (-23.5% to US$75.23).
Seattle, Washington, saw the only other double-digit declines in ADR (-12.0% to US$188.98) and RevPAR (-18.7% to US$160.52). The market also saw the second-largest drop in occupancy (-7.6% to 84.9%).
Overall, 15 of the Top 25 Markets reported a RevPAR decrease.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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