The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 10-16 November 2019, according to data from STR.
In comparison with the week of 11-17 November 2018, the industry recorded the following:
• Occupancy: -3.6% to 64.2%
• Average daily rate (ADR): -0.6% to US$129.96
• Revenue per available room (RevPAR): -4.2% to US$81.49
Overall, 16 of the Top 25 Markets reported a decrease in RevPAR.
Boston, Massachusetts, experienced the only double-digit decline in occupancy (-14.1% to 74.3%) and the steepest drop in RevPAR (-20.8% to US$149.14).
New Orleans, Louisiana, recorded the only double-digit decline in ADR (-10.2% to US$142.45) and the second-steepest decrease in RevPAR (-15.0% to US$99.35).
Minneapolis/St. Paul, Minnesota-Wisconsin, saw the largest increases in each of the three key performance metrics: occupancy (+7.8% to 67.1%), ADR (+7.1% to US$123.26) and RevPAR (+15.4% to US$82.73).
Oahu Island, Hawaii, registered the second-highest jump in RevPAR (+6.2% to US$188.40), driven by the second-largest lift in ADR (+4.5% to US$225.89).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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