STR: US Hotel Results For Week Ending 17 August
During the week of 11-17 August, U.S. hotel occupancy fell 1% to 71.7%, and despite a 0.4% ADR increase to $130.89, RevPAR dropped 0.6% to $93.90.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 11-17 August 2019, according to data from STR.
In comparison with the week of 12-18 August 2018, the industry recorded the following:
- Occupancy: -1.0% to 71.7%
- Average daily rate (ADR): +0.4% to US$130.89
- Revenue per available room (RevPAR): -0.6% at US$93.90
Among the Top 25 Markets, Phoenix, Arizona, registered the largest increase in occupancy (+8.0% to 62.9%) and the only double-digit jump in RevPAR (+12.9% to US$55.94).
Oahu Island, Hawaii, posted the largest lift in ADR (+5.0% to US$274.36) and the second-highest rise in RevPAR (+7.1% to US$252.94).
Chicago, Illinois, saw the only double-digit decline in RevPAR (-12.2% to US$108.14), due primarily to the largest drop in ADR (-8.0% to US$143.25).
Orlando, Florida, experienced the steepest decrease in occupancy (-5.0% to 66.4%) and the second-largest drop in RevPAR (-9.0% to US$65.28).
Overall, 15 of the Top 25 Markets reported a RevPAR decline.
Download STR's weekly U.S. hotel review here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
Nick Minerd
Public Relations Coordinator
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