The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 22-28 December 2019, according to data from STR.
In comparison with the week of 23-29 December 2018, the industry recorded the following:
• Occupancy: -4.9% to 48.5%
• Average daily rate (ADR): -2.6% to US$127.92
• Revenue per available room (RevPAR): -7.4% to US$62.00
Nashville, Tennessee, recorded the largest decreases in each of the three key performance metrics: occupancy (-13.6% to 46.9%), ADR (-10.9% to US$118.04) and RevPAR (-22.9% to US$55.40).
New Orleans, Louisiana, saw the second-steepest decline in RevPAR (-20.9% to US$69.80), due primarily to the only other double-digit drop in occupancy (-12.7% to 56.4%).
Two markets matched for the second-largest decrease in ADR: New York, New York (-10.2% to US$237.99) and Orlando, Florida (-10.2% to US$140.10).
Phoenix, Arizona, experienced the highest rise in occupancy (+4.3% to 58.0%), which drove the week’s only double-digit jump in RevPAR (+11.3% to US$68.58).
Atlanta, Georgia, posted the largest lift in ADR (+7.8% to US$91.11).
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.
Logos, product and company names mentioned are the property of their respective owners.