STR: US Hotel Results For Week Ending 05 January
During the week of 30 December to 05 January, U.S. hotel occupancy dipped 0.4% to 48.8%, but ADR rose 5.6% to $130.69 to lift RevPAR up 5.2% to $63.79.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 December 2018 through 05 January 2019, according to data from STR.
- Occupancy: -0.4% to 48.8%
- Average daily rate (ADR): +5.6% to US$130.69
- Revenue per available room (RevPAR): +5.2% to US$63.79
Among the Top 25 Markets, Phoenix, Arizona, reported the largest increase in RevPAR (+13.7% to US$67.06), due primarily to the second-highest rise in occupancy (+8.6% to 57.8%).
Miami/Hialeah, Florida, posted the largest lift in ADR (+14.0% to US$320.24).
New Orleans, Louisiana, experienced the highest jump in occupancy (+9.4% to 68.8%).
Philadelphia, Pennsylvania-New Jersey, reported the steepest declines in each of the three key performance metrics: occupancy (-24.1% to 41.1%), ADR (-11.9% to US$108.01) and RevPAR (-33.2% to US$44.40).
Houston, Texas, saw the only other double-digit drop in ADR (-10.9% to US$80.71) and the second-largest decreases in occupancy (-19.2% to 40.6%) and RevPAR (-28.0% to US$32.79).
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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. For more information, please visit str.com.