STR: U.S. hotel results for week ending 21 December
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 December 2019, according to data from STR.
In comparison with the week of 16-22 December 2018, the industry recorded the following:
- Occupancy: +5.9% to 50.1%
- Average daily rate (ADR): +1.8% to US$108.96
- Revenue per available room (RevPAR): +7.8% to US$54.55
St. Louis, Missouri-Illinois, recorded the largest increases in each of the three key performance metrics: occupancy (+23.3% to 50.7%), ADR (+9.1% to US$96.47) and RevPAR (+34.4% to US$48.94).
Washington, D.C.-Maryland-Virginia, saw the second-largest jump in RevPAR (+26.4% to US$56.36), due to the second-highest rises in occupancy (+16.0% to 48.1%) and ADR (+8.9% to US$117.20).
Phoenix, Arizona, experienced the third-largest rises in occupancy (+15.2% to 55.3%) and RevPAR (+24.3% to US$55.96).
Overall, 22 of the Top 25 Markets reported a RevPAR increase.
San Diego, California, registered the only decrease in occupancy (-1.4% to 49.4%) and the steepest decline in RevPAR (-4.7% to US$55.02).
Anaheim/Santa Ana, California, posted the only double-digit drop in ADR (-10.2% to US$122.67).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 67,000 properties and 9.0 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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