STR: US Hotel Results For Week Ending 9 November
U.S. hotel occupancy was mostly flat (+0.1% to 69%) during the week of 3-9 November, while ADR rose 1.9% to $132.66 and RevPAR increased 1.9% to $91.53.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.
- Occupancy: +0.1% to 69.0%
- Average daily rate (ADR): +1.9% to US$132.66
- Revenue per available room (RevPAR): +1.9% to US$91.53
Among the Top 25 Markets, Orlando, Florida, saw the largest increases in each of the three key performance metrics: occupancy (+8.9% to 86.4%), ADR (+11.7% to US$148.23) and RevPAR (+21.6% to US$128.05).
Philadelphia, Pennsylvania-New Jersey, experienced the second-highest rise in occupancy (+6.4% to 79.9%), which resulted in the second-largest jump in RevPAR (+14.3% to US$120.14).
Anaheim/Santa Ana, California, posted the only other double-digit lift in ADR (+10.3% to US$164.38).
Boston, Massachusetts, recorded the steepest drop in RevPAR (-15.1% to US$165.59), due primarily to the only double-digit decrease in occupancy (-11.8% to 78.7%).
Chicago, Illinois, posted the largest decline in ADR (-8.2% to US$146.93).
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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