The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 May 2019, according to data from STR.
In comparison with the week of 13-19 May 2018, the industry recorded the following:
• Occupancy: +0.8% to 70.8%
• Average daily rate (ADR): +1.4% to US$134.36
• Revenue per available room (RevPAR): +2.2% to US$95.13
Among the Top 25 Markets, Boston, Massachusetts, reported the largest increase in RevPAR (+11.5% to US$212.97), due primarily to the second-highest lift in ADR (+7.2% to US$245.41).
Philadelphia, Pennsylvania-New Jersey, posted the largest jump in ADR (+7.9% to US$160.06).
Anaheim/Santa Ana, California, experienced the highest rise in occupancy (+5.3% to 78.3%).
Seattle, Washington, registered the largest drop in RevPAR (-14.8% to US$130.65) primarily because of the steepest decline in ADR (-9.8% to US$163.51).
Miami/Hialeah, Florida, saw the largest decrease in occupancy.
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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