STR: U.S. hotel results for week ending 9 November
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.
In comparison with the week of 4-10 November 2018, the industry recorded the following:
- Occupancy: +0.1% to 69.0%
- Average daily rate (ADR): +1.9% to US$132.66
- Revenue per available room (RevPAR): +1.9% to US$91.53
Among the Top 25 Markets, Orlando, Florida, saw the largest increases in each of the three key performance metrics: occupancy (+8.9% to 86.4%), ADR (+11.7% to US$148.23) and RevPAR (+21.6% to US$128.05).
Philadelphia, Pennsylvania-New Jersey, experienced the second-highest rise in occupancy (+6.4% to 79.9%), which resulted in the second-largest jump in RevPAR (+14.3% to US$120.14).
Anaheim/Santa Ana, California, posted the only other double-digit lift in ADR (+10.3% to US$164.38).
Boston, Massachusetts, recorded the steepest drop in RevPAR (-15.1% to US$165.59), due primarily to the only double-digit decrease in occupancy (-11.8% to 78.7%).
Chicago, Illinois, posted the largest decline in ADR (-8.2% to US$146.93).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 66,000 properties and 8.9 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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