The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 May 2019, according to data from STR.
In comparison with the week of 20-26 May 2018, the industry recorded the following:
• Occupancy: +0.9% to 71.2%
• Average daily rate (ADR): +2.1% to US$133.81
• Revenue per available room (RevPAR): +3.1% to US$95.22
Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, registered the largest jump in RevPAR (+15.8% to US$130.23), driven by the only double-digit increase in ADR (+11.1% to US$162.36).
New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+13.4% to 79.1%) and the second-largest increase in RevPAR (+14.6% to US$119.64).
St. Louis, Missouri-Illinois, saw the third-largest lift in RevPAR (+12.9% to US$81.32).
Overall, 18 of the Top 25 Markets posted an increase in RevPAR.
Seattle, Washington, reported the steepest declines in each of the three key performance metrics: occupancy (-7.7% to 79.1%), ADR (-12.6% to US$164.19) and RevPAR (-19.3% to US$129.91).
Oahu Island, Hawaii, registered the second-largest decreases in ADR (-2.3% to US$224.30) and RevPAR (-5.3% to US$188.56).
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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