STR: US Hotel Results For Week Ending 31 August
U.S. hotel occupancy dipped 0.4% to 66.7% during the week of 25-31 August, but a 1.4% ADR increase to $127.26 pushed RevPAR up 1% to $84.87.
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.
- 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.
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.
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