STR: U.S. hotel results for week ending 23 November
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 November 2019, according to data from STR.
In comparison with the week of 18-24 November 2018, the industry recorded the following:
- Occupancy: +17.7% to 61.2%
- Average daily rate (ADR): +10.8% to US$124.71
- Revenue per available room (RevPAR): +30.4% to US$76.32
STR analysts note the positive performance is due to the year-over-year comparison with the week of Thanksgiving in 2018.
San Francisco/San Mateo, California, registered the largest increases in each of the three key performance metrics: occupancy (+57.9% to 84.2%), ADR (+143.3% to US$376.17) and RevPAR (+284.2% to US$316.80). Along with the Thanksgiving calendar shift, the high performance gains are also attributable to Dreamforce (19-22 November 2019), which welcomed approximately 170,000 attendees.
Washington, D.C.-Maryland-Virginia, recorded the second-highest rises in occupancy (+55.8% to 70.9%) and ADR (+48.0% to US$157.32), which resulted in the second-largest jump in RevPAR (+130.7% to US$111.49).
Denver, Colorado, saw the third-largest increase in RevPAR (+97.1% to US$95.21).
New Orleans, Louisiana, reported the only decline in RevPAR (-2.6% to US$88.86), due to the second-largest drop in ADR (-5.3% to US$136.29).
Miami/Hialeah, Florida, posted the only other decrease in ADR (-6.7% to US$166.87).
None of the Top 25 Markets experienced a dip in occupancy.
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.
North America Media Contacts:
Senior Director, Communications
+1 (615) 824-8664 ext. 3305
+1 (615) 824-8664 ext. 3500