Market Report U.S.

US Hotel Occupancy Down 0.9 Percent to 70.2 Percent - Week Ending March 16th - 2019

RevPAR down 0.3% to US$94.40
Hotel No Vacancy sign - Photo by KEEM IBARRA on Unsplash
Mixed YOY Performance for US Hotel Industry for Week Ending March 16th - 2019

STR

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 March 2019, according to data from STR.

In comparison with the week of 11-17 March 2018, the industry recorded the following:

• Occupancy: -0.9% to 70.2%
• Average daily rate (ADR): +0.6% to US$134.50
• Revenue per available room (RevPAR): -0.3% to US$94.40

Among the Top 25 Markets, Denver, Colorado, registered the largest increase in RevPAR (+9.1% to US$104.57).

New Orleans, Louisiana, posted the highest increase in ADR (+9.5% to US$178.41).

Los Angeles/Long Beach, California, experienced the largest rise in occupancy (+3.3% to 85.1%).

Boston, Massachusetts, saw the steepest decline in RevPAR (-12.6% to US$118.41), due mostly to the second-largest drop in occupancy (-9.0% to 68.0%).

Chicago, Illinois, reported the largest decrease in ADR (-5.4% to US$124.85), which resulted in the second-steepest decline in RevPAR (-10.8% to US$84.11).

Philadelphia, Pennsylvania, registered the largest drop in occupancy (-9.4% to 65.5%).

View U.S. weekly hotel performance review

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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