HENDERSONVILLE, Tennessee - The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 December 2019, according to data from STR.
In comparison with the week of 16-22 December 2018, the industry recorded the following:
- Occupancy: +5.9% to 50.1%
- Average daily rate (ADR): +1.8% to US$108.96
- Revenue per available room (RevPAR): +7.8% to US$54.55
St. Louis, Missouri-Illinois, recorded the largest increases in each of the three key performance metrics: occupancy (+23.3% to 50.7%), ADR (+9.1% to US$96.47) and RevPAR (+34.4% to US$48.94).
Washington, D.C.-Maryland-Virginia, saw the second-largest jump in RevPAR (+26.4% to US$56.36), due to the second-highest rises in occupancy (+16.0% to 48.1%) and ADR (+8.9% to US$117.20).
Phoenix, Arizona, experienced the third-largest rises in occupancy (+15.2% to 55.3%) and RevPAR (+24.3% to US$55.96).
Overall, 22 of the Top 25 Markets reported a RevPAR increase.
San Diego, California, registered the only decrease in occupancy (-1.4% to 49.4%) and the steepest decline in RevPAR (-4.7% to US$55.02).
Anaheim/Santa Ana, California, posted the only double-digit drop in ADR (-10.2% to US$122.67).
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.