The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR.
In comparison with the week of 13-19 January 2019, the industry recorded the following:
• Occupancy: +1.1% to 58.9%
• Average daily rate (ADR): +5.2% to US$130.99
• Revenue per available room (RevPAR): +6.4% to US$77.16
San Francisco/San Mateo, California, recorded the highest jump in RevPAR (+124.0% to US$439.70), driven by the largest increase in ADR (+120.3% to US$533.50). STR analysts attribute the spike in performance to the 38th Annual J.P. Morgan Healthcare Conference, which brought more than 9,000 attendees to the market.
Chicago, Illinois, experienced the highest rise in occupancy (+17.1% to 62.3%).
Anaheim/Santa Ana, California, registered the only other double-digit increase in occupancy (+16.4% to 78.9%) and the second-largest lift in RevPAR (+38.0% to US$139.60).
Overall, 19 of the Top 25 Markets reported a RevPAR increase.
Dallas, Texas, saw the steepest decline in occupancy (-7.5% to 65.3%).
Detroit, Michigan, posted the only double-digit decreases in ADR (-23.1% to US$100.43) and RevPAR (-28.4% to US$59.48).
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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