STR: U.S. Hotel Results For Week Ending 28 September
U.S. hotel occupancy dipped 0.4% to 71.2%, ADR decreased 0.5% to $136.63 and RevPAR fell 0.8% to $97.26 during the week of 22-28 September.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 22-28 September 2019, according to data from STR.
- Occupancy: -0.4% to 71.2%
- Average daily rate (ADR): -0.5% to US$136.63
- Revenue per available room (RevPAR): -0.8% to US$97.26
Among the Top 25 Markets, New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+14.6% to 70.6%), which drove the largest jump in RevPAR (+20.4% to US$104.08).
St. Louis, Missouri-Illinois, posted the largest lift in ADR (+9.8% to US$121.75) and the second-highest increases in occupancy (+6.7% to 77.2%) and RevPAR (+17.2% to US$93.98).
Minneapolis/St. Paul, Minnesota-Wisconsin, saw the only other double-digit rise in RevPAR (+11.7% to US$107.91).
Orlando, Florida, reported the only double-digit decline in occupancy (-12.3% to 67.1%) and the largest decrease in RevPAR (-24.2% to US$75.21).
San Francisco/San Mateo, California, posted the steepest drop in ADR (-22.0% to US$287.73) and the second-largest decrease in RevPAR (-21.3% to US$263.55).
Houston, Texas, registered the second-largest decline in ADR (-15.0% to US$104.21), resulting in the third-steepest drop in RevPAR (-17.6% to US$68.13).
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. 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.
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