STR: U.S. hotel results for week ending 4 January
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 December 2019 through 4 January 2020, according to data from STR.
In comparison with the week of 30 December 2018 through 5 January 2019, the industry recorded the following:
- Occupancy: +0.3% to 49.0%
- Average daily rate (ADR): +4.0% to US$136.46
- Revenue per available room (RevPAR): +4.3% to US$66.84
Oahu Island, Hawaii, recorded the largest increase in RevPAR (+22.4% to US$369.64), driven by the only double-digit lift in ADR (+16.0% to US$405.95).
Miami/Hialeah, Florida, experienced the only double-digit rise in occupancy (+11.1% to 86.2%) and the second-largest jump in RevPAR (+16.3% to US$290.06).
Nashville, Tennessee, saw the second-largest increase in occupancy (+9.9% to 57.8%) and the third-highest jump in RevPAR (+13.8% to US$74.64).
New Orleans, Louisiana, registered the steepest drop in RevPAR (-10.8% to US$106.86), due primarily to the largest decline in ADR (-8.0% to US$159.35).
Atlanta, Georgia, reported the largest decrease in occupancy (-6.6% to 49.8%).
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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