STR: U.S. hotel results for week ending 7 December
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 1-7 December 2019, according to data from STR.
In comparison with the week of 2-8 December 2018, the industry recorded the following:
- Occupancy: -0.2% to 60.3%
- Average daily rate (ADR): +1.6% to US$128.66
- Revenue per available room (RevPAR): +1.4% to US$77.56
Chicago, Illinois, registered the largest increases in each of the three key performance metrics: occupancy (+15.8% to 72.2%), ADR (+29.5% to US$154.74) and RevPAR (+49.9% to US$111.75).
Orlando, Florida, posted the only other double-digit lift in ADR (+18.7% to US$138.88), which drove the second-highest jump in RevPAR (+23.7% to US$104.39).
New Orleans, Louisiana, experienced the second-highest rise in occupancy (+5.4% to 66.5%) and the only other double-digit increase in RevPAR (+14.9% to US$96.03).
San Diego, California, recorded the steepest declines in each of the three key performance metrics: occupancy (-12.3% to 66.2%), ADR (-12.4% to US$141.79) and RevPAR (-23.2% to US$93.86).
Philadelphia, Pennsylvania, saw the second-largest decrease in RevPAR (-13.1% to US$87.67), due primarily to the second-largest drop in ADR (-8.7% to US$130.22).
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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