STR: U.S. Hotel Results For Week Ending 2 November
U.S. hotel occupancy dipped 0.3% to 62.7%, ADR rose 0.6% to $126.04 and RevPAR grew 0.3% to $79.05 during the week of 27 October through 2 November.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported nearly flat year-over-year results in the three key performance metrics during the week of 27 October through 2 November 2019, according to data from STR.
- Occupancy: -0.3% to 62.7%
- Average daily rate (ADR): +0.6% to US$126.04
- Revenue per available room (RevPAR): +0.3% to US$79.05
Among the Top 25 Markets, San Francisco/San Mateo, California, saw the largest increases in each of the three key performance metrics: occupancy (+9.9% to 81.7%), ADR (+16.9% to US$237.10) and RevPAR (+28.5% to US$193.78).
Atlanta, Georgia, posted the second-largest lift in ADR (+8.9% to US$109.58), which drove the second-highest jump in RevPAR (+14.7% to US$73.08).
Oahu Island, Hawaii, experienced the second-largest rise in occupancy (+8.1% to 80.2%).
Minneapolis/St. Paul, Minnesota-Wisconsin, recorded the steepest decline in RevPAR (-11.2% to US$63.18), due primarily to the only double-digit drop in occupancy (-10.0% to 55.8%).
Miami/Hialeah, Florida, registered the largest decrease in ADR (-7.0% to US$166.03).
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.
Phone: +1 (615) 824 8664 ext. 3305