STR: US Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee — The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 August 2019, according to data from STR.

In comparison with the week of 19-25 August 2018, the industry recorded the following:

  • Occupancy: +0.8% to 70.1%
  • Average daily rate (ADR): +0.5% to US$128.57
  • Revenue per available room (RevPAR): +1.2% at US$90.08

Among the Top 25 Markets, Orlando, Florida, posted the largest jump in RevPAR (+18.0% to US$72.85), due largely to the only double-digit lift in ADR (+10.3% to US$107.43). The market saw the second-largest increase in occupancy (+7.0% to 67.8%).

Houston, Texas, experienced the only double-digit rise in occupancy (+14.8% to 64.2%) and the second-largest increase in RevPAR (+17.2% to US$62.47).

Overall, 15 of the Top 25 Markets reported a RevPAR increase.

Nashville, Tennessee, registered the steepest declines in each of the three key performance metrics: occupancy (-9.4% to 71.8%), ADR (-7.3% to US$139.43) and RevPAR (-16.0% to US$100.11).

Atlanta, Georgia, saw the only other double-digit drop in RevPAR (-12.6% to US$69.72), due to the second-largest decreases in occupancy (-7.9% to 66.5%) and ADR (-5.1% to US$104.87).

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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
+1 (615) 824 8664 ext. 3305
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