STR: U.S. hotel results for week ending 30 November
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 24-30 November 2019, according to data from STR.
In comparison with the week of 25 November through 1 December 2018, the industry recorded the following:
- Occupancy: -11.6% to 50.6%
- Average daily rate (ADR): -6.7% to US$112.28
- Revenue per available room (RevPAR): -17.5% to US$56.83
STR analysts attribute significant performance declines to comparison of Thanksgiving week in 2019 against the week that followed the holiday in 2018.
Boston, Massachusetts, registered the largest decrease in RevPAR (-47.5% to US$65.18), due primarily to the second-steepest drop in occupancy (-29.7% to 50.7%).
Minneapolis/St. Paul, Minnesota, saw the largest drop in occupancy (-34.3% to 39.0%).
Chicago, Illinois, reported the largest decline in ADR (-26.6% to US$111.73) and the second-largest decrease in RevPAR (-44.6% to US$56.04).
Overall, 21 of the Top 25 Markets reported a RevPAR decrease.
Oahu Island, Hawaii, recorded the highest jump in RevPAR (+21.1% to US$186.36), driven by the only double-digit lift in ADR (+15.4% to US$238.80).
Anaheim/Santa Ana, California, experienced the largest rise in occupancy (+6.7% to 68.1%) and the only other double-digit increase in RevPAR (+14.9% to US$107.27).
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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