The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 31 March through 6 April 2019, according to data from STR.
In comparison with the week of 1-7 April 2018, the industry recorded the following:
• Occupancy: +0.4% to 68.7%
• Average daily rate (ADR): +1.5% to US$130.79
• Revenue per available room (RevPAR): +1.9% to US$89.90
STR analysts note that performance growth was lifted due to comparison with Easter Sunday and the days immediately following in 2018.
Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, posted the largest jump in RevPAR (+55.1% to US$106.96), driven by the highest lift in ADR (+41.6% to US$158.33). The market saw the second-largest increase in occupancy (+9.5% to 67.6%).
Chicago, Illinois, experienced the only double-digit rise in occupancy (+11.0% to 70.4%) and the second-largest jump in RevPAR (+22.8% to US$97.58).
Atlanta, Georgia, posted the second-highest lift in ADR (+15.9% to US$121.00).
Miami/Hialeah, Florida, registered the steepest decline in RevPAR (-18.0% to US182.37), due primarily to the only double-digit drop in ADR (-12.2% to US$224.37).
Norfolk/Virginia Beach, Virginia, experienced the largest decrease in occupancy (-9.7% to 64.8%).
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.
Logos, product and company names mentioned are the property of their respective owners.