STR: U.S. hotel results for week ending 3 August
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 28 July through 3 August 2019, according to data from STR.
In comparison with the week of 29 July through 4 August 2018, the industry recorded the following:
- Occupancy: -0.8% to 74.8%
- Average daily rate (ADR): -0.3% to US$133.03
- Revenue per available room (RevPAR): -1.1% at US$99.45
Among the Top 25 Markets, St. Louis, Missouri-Illinois, posted the largest jump in RevPAR (+19.1% to US$97.07), driven by the only double-digit lift in ADR (+13.1% to US$121.11)
Norfolk/Virginia Beach, Virginia, experienced the highest rise in occupancy (+5.8% to 80.7%).
San Francisco/San Mateo, California, reported the largest declines in ADR (-9.7% to US$226.68) and RevPAR (-15.0% to US$195.48). The market saw the second-largest drop in occupancy (-5.9% to 86.2%).
Boston, Massachusetts, registered the steepest decrease in occupancy (-6.0% to 85.4%).
Seattle, Washington, experienced the second-largest decline in RevPAR (-13.5% to US$161.46), due primarily to the second-steepest drop in ADR (-8.2% to US$190.22).
Overall, 14 of the Top 25 Markets reported a RevPAR decrease.
Additional Performance Data
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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. For more information, please visit str.com.
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