STR: U.S. hotel results for week ending 15 February
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 9-15 February 2020, according to data from STR.
In comparison with the week of 10-16 February 2019, the industry recorded the following:
- Occupancy: +0.2% to 63.6%
- Average daily rate (ADR): +0.9% to US$133.55
- Revenue per available room (RevPAR): +1.2% to US$85.00
Among the Top 25 Markets, Chicago, Illinois, registered the largest increase in RevPAR (+31.5% to US$81.60), driven by the highest lift in ADR (+19.2% to US$130.42).
Anaheim/Santa Ana, California, experienced the highest rise in occupancy (+11.8% to 85.1%) and the second-largest increases in ADR (+11.7% to US$177.28) and RevPAR (+24.8% to US$150.81).
Denver, Colorado, saw the third-largest jump in RevPAR (+19.9% to US$93.73).
Overall, 17 of the Top 25 Markets recorded a RevPAR increase.
San Francisco/San Mateo, California, reported the steepest declines in each of the three key performance metrics: occupancy (-5.5% to 80.9%), ADR (-26.9% to US$228.51) and RevPAR (-30.9% to US$184.89).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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