STR: US Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee - The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 10-16 November 2019, according to data from STR.

In comparison with the week of 11-17 November 2018, the industry recorded the following:

  • Occupancy: -3.6% to 64.2%
  • Average daily rate (ADR): -0.6% to US$129.96
  • Revenue per available room (RevPAR): -4.2% to US$81.49

Overall, 16 of the Top 25 Markets reported a decrease in RevPAR.

Boston, Massachusetts, experienced the only double-digit decline in occupancy (-14.1% to 74.3%) and the steepest drop in RevPAR (-20.8% to US$149.14).

New Orleans, Louisiana, recorded the only double-digit decline in ADR (-10.2% to US$142.45) and the second-steepest decrease in RevPAR (-15.0% to US$99.35).

Minneapolis/St. Paul, Minnesota-Wisconsin, saw the largest increases in each of the three key performance metrics: occupancy (+7.8% to 67.1%), ADR (+7.1% to US$123.26) and RevPAR (+15.4% to US$82.73).

Oahu Island, Hawaii, registered the second-highest jump in RevPAR (+6.2% to US$188.40), driven by the second-largest lift in ADR (+4.5% to US$225.89).

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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
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR