The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 1-7 December 2019, according to data from STR.
In comparison with the week of 2-8 December 2018, the industry recorded the following:
• Occupancy: -0.2% to 60.3%
• Average daily rate (ADR): +1.6% to US$128.66
• Revenue per available room (RevPAR): +1.4% to US$77.56
Chicago, Illinois, registered the largest increases in each of the three key performance metrics: occupancy (+15.8% to 72.2%), ADR (+29.5% to US$154.74) and RevPAR (+49.9% to US$111.75).
Orlando, Florida, posted the only other double-digit lift in ADR (+18.7% to US$138.88), which drove the second-highest jump in RevPAR (+23.7% to US$104.39).
New Orleans, Louisiana, experienced the second-highest rise in occupancy (+5.4% to 66.5%) and the only other double-digit increase in RevPAR (+14.9% to US$96.03).
San Diego, California, recorded the steepest declines in each of the three key performance metrics: occupancy (-12.3% to 66.2%), ADR (-12.4% to US$141.79) and RevPAR (-23.2% to US$93.86).
Philadelphia, Pennsylvania, saw the second-largest decrease in RevPAR (-13.1% to US$87.67), due primarily to the second-largest drop in ADR (-8.7% to US$130.22).
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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