Market Report U.S.

US Hotel Occupancy Up 0.2 Percent to 69.6 Percent - Week Ending March 23rd - 2019

RevPAR up 0.4% to US$93.02
Hotel No Vacancy sign - Photo by KEEM IBARRA on Unsplash
Flat YOY Performance for US Hotel Industry for Week Ending March 23rd - 2019

STR

The U.S. hotel industry reported nearly flat year-over-year results in the three key performance metrics during the week of 17-23 March 2019, according to data from STR.

In comparison with the week of 18-24 March 2018, the industry recorded the following:

• Occupancy: +0.2% to 69.6%
• Average daily rate (ADR): +0.2% to US$133.65
• Revenue per available room (RevPAR): +0.4% to US$93.02

Among the Top 25 Markets, Anaheim/Santa Ana, California, registered the only double-digit increases in occupancy (+11.0% to 86.5%) and RevPAR (+16.0% to US$144.08).

Tampa/St. Petersburg, Florida, posted the largest lift in ADR (+6.1% to US$174.23) and the third-largest increase in RevPAR (+9.5% to US$154.33).

Orlando, Florida, saw the second-highest jump in RevPAR (+9.8% to US$143.90).

Miami/Hialeah, Florida, saw the steepest decline in RevPAR (-17.4% to US$217.79), due primarily to the only double-digit drop in ADR (-13.7% to US$254.17).

Houston, Texas, experienced the only double-digit decrease in occupancy (-10.0% to 67.1%).

Washington, D.C.-Maryland-Virginia, reported the second-largest declines in each of the three key performance metrics: occupancy (-8.5% to 73.4%), ADR (-9.1% to US$168.06) and RevPAR (-16.8% to US$123.27).

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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