The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 September 2019, according to data from STR.
In comparison with the week of 16-22 September 2018, the industry recorded the following:
• Occupancy: +2.1% to 71.3%
• Average daily rate (ADR): +4.8% to US$134.70
• Revenue per available room (RevPAR): +7.0% to US$96.04
STR analysts attribute significant growth in many markets to the Yom Kippur calendar shift. The comparable time period last year covered Yom Kippur and lowered results for the entire week.
Among the Top 25 Markets, Boston, Massachusetts, posted the largest year-over-year jump in RevPAR (+26.6% to US$209.42), due primarily to the second-highest rise in ADR (+17.7% to US$242.33).
Norfolk/Virginia Beach, Virginia, experienced the largest increase in occupancy (+17.7% to 66.1%).
Houston, Texas, saw the only other double-digit lift in occupancy (+10.0% to 67.1%).
San Francisco/San Mateo, California, posted the largest increase in ADR (+19.6% to US$300.54).
Overall, 22 of the Top 25 Markets registered RevPAR growth for the week. Ten of those markets posted a double-digit gain in the metric.
Seattle, Washington, reported the largest decrease in RevPAR (-2.2% to US$154.45) because of the steepest drop in ADR (-2.9% to US$181.08).
Detroit, Michigan, saw the largest decline in occupancy (-4.4% to 73.1%).
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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