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Positive YOY Results for US Hotel Industry for Week Ending December 14th – 2019

STR

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 8-14 December 2019, according to data from STR.

In comparison with the week of 9-15 December 2018, the industry recorded the following:

• Occupancy: +5.6% to 60.5%
• Average daily rate (ADR): +5.3% to US$125.37
• Revenue per available room (RevPAR): +11.2% to US$75.87

San Francisco/San Mateo, California, registered the largest increases in each of the three key performance metrics: occupancy (+17.6% to 88.8%), ADR (+22.8% to US$257.98) and RevPAR (+44.4% to US$229.19).

Philadelphia, Pennsylvania, saw the second-largest jump in RevPAR (+39.0% to US$105.80), driven by the second-highest rises in occupancy (+16.5% to 72.4%) and ADR (+19.3% to US$146.03).

Orlando, Florida, recorded the third-largest lift in RevPAR (+27.0% to US$97.92).

Overall, 21 of the Top 25 Markets reported a RevPAR increase.

Minneapolis/St. Paul, Minnesota, experienced the steepest drop in occupancy (-6.0% to 58.5%), which resulted in the largest decrease in RevPAR (-9.8% to US$63.35).

Seattle, Washington, posted the largest decline in ADR (-5.6% to US$140.63).

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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