STR: US Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee — The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 25-31 August 2019, according to data from STR.

In comparison with the week of 26 August through 1 September 2018, the industry recorded the following:

  • Occupancy: -0.4% to 66.7%
  • Average daily rate (ADR): +1.4% to US$127.26
  • Revenue per available room (RevPAR): +1.0% at US$84.87

Among the Top 25 Markets, San Francisco/San Mateo, California, registered the largest increase in RevPAR (+35.2% to US$236.56), due primarily to the only double-digit lift in ADR (+24.2% to US$267.26).

New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+12.7% to 60.4%), which resulted in the second-largest jump in RevPAR (+16.4% to US$71.20).

Overall, 17 of the Top 25 Markets reported a RevPAR increase.

Orlando, Florida, saw the steepest declines in occupancy (-21.6% to 52.4%) and RevPAR (-24.1% to US$52.84).

Miami/Hialeah, Florida, posted the largest drop in ADR (-6.6% to US$137.27) and the only other double-digit decreases in occupancy (-10.9% to 60.1%) and RevPAR (-16.8% to US$82.56).

Due to the anticipation of Hurricane Dorian, the three largest hotel markets in Florida each reported significant declines in occupancy on Friday and Saturday.

Source: STRSource: STR
Source: STR

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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
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