The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 16-22 June 2019, according to data from STR.
In comparison with the week of 17-23 June 2018, the industry recorded the following:
• Occupancy: -0.6% to 75.5%
• Average daily rate (ADR): +0.8% to US$134.83
• Revenue per available room (RevPAR): +0.2% to US$101.80
Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota, registered the largest increase in RevPAR (+13.5% to US$123.21), due primarily to the largest lift in ADR (+8.2% to US$141.35). The market saw the second-highest rise in occupancy (+4.9% to 87.2%).
Phoenix, Arizona, experienced the largest jump in occupancy (+6.0% to 67.9%) and the only other double-digit increase in RevPAR (+12.3% to US$66.71).
St. Louis, Missouri-Illinois, reported the third-highest lift in RevPAR (+9.1% to US$93.27).
Overall, 12 of the Top 25 Markets registered a RevPAR increase.
Detroit, Michigan, saw the steepest declines in occupancy (-5.8% to 73.6%) and RevPAR (-7.8% to US$77.70).
Houston, Texas, registered the largest drop in ADR (-5.5% to US$100.28).
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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