STR: U.S. hotel results for week ending 28 December
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 22-28 December 2019, according to data from STR.
In comparison with the week of 23-29 December 2018, the industry recorded the following:
- Occupancy: -4.9% to 48.5%
- Average daily rate (ADR): -2.6% to US$127.92
- Revenue per available room (RevPAR): -7.4% to US$62.00
Nashville, Tennessee, recorded the largest decreases in each of the three key performance metrics: occupancy (-13.6% to 46.9%), ADR (-10.9% to US$118.04) and RevPAR (-22.9% to US$55.40).
New Orleans, Louisiana, saw the second-steepest decline in RevPAR (-20.9% to US$69.80), due primarily to the only other double-digit drop in occupancy (-12.7% to 56.4%).
Two markets matched for the second-largest decrease in ADR: New York, New York (-10.2% to US$237.99) and Orlando, Florida (-10.2% to US$140.10).
Phoenix, Arizona, experienced the highest rise in occupancy (+4.3% to 58.0%), which drove the week’s only double-digit jump in RevPAR (+11.3% to US$68.58).
Atlanta, Georgia, posted the largest lift in ADR (+7.8% to US$91.11).
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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