The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 7-13 April 2019, according to data from STR.
In comparison with the week of 8-14 April 2018, the industry recorded the following:
• Occupancy: +2.4% to 69.9%
• Average daily rate (ADR): +4.4% to US$136.25
• Revenue per available room (RevPAR): +6.9% to US$95.22
Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, posted the largest increases across the three key performance indicators: occupancy (+9.0% to 73.0%), ADR (+29.5% to US$150.62) and RevPAR (+41.1% to US$109.98).
San Francisco/San Mateo, California, registered the second-largest increases in ADR (+27.0% to US$284.79) and RevPAR (+34.7% to US$251.46).
Chicago, Illinois, experienced the second-highest rise in occupancy (+8.5% to 80.0%).
New Orleans, Louisiana, reported the steepest declines in each of the three key performance metrics: occupancy (-5.1% to 80.6%), ADR (-2.5% to US$176.47) and RevPAR (-7.5% to US$142.29).
Seattle, Washington, saw the second-largest decrease in occupancy (-4.8% to 69.5%) and the only other drop in ADR (-1.7% to US$144.42), which resulted in the second-steepest decline in RevPAR (-6.5% to US$100.30).
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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