STR: US Hotel Results For Week Ending 4 January
From 29 December to 4 January, U.S. hotel occupancy climbed 0.3% to 49%, ADR rose 4% to $136.46 and RevPAR increased 4.3% to $66.84.
HENDERSONVILLE, Tennessee - The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 December 2019 through 4 January 2020, according to data from STR.
- Occupancy: +0.3% to 49.0%
- Average daily rate (ADR): +4.0% to US$136.46
- Revenue per available room (RevPAR): +4.3% to US$66.84
Oahu Island, Hawaii, recorded the largest increase in RevPAR (+22.4% to US$369.64), driven by the only double-digit lift in ADR (+16.0% to US$405.95).
Miami/Hialeah, Florida, experienced the only double-digit rise in occupancy (+11.1% to 86.2%) and the second-largest jump in RevPAR (+16.3% to US$290.06).
Nashville, Tennessee, saw the second-largest increase in occupancy (+9.9% to 57.8%) and the third-highest jump in RevPAR (+13.8% to US$74.64).
New Orleans, Louisiana, registered the steepest drop in RevPAR (-10.8% to US$106.86), due primarily to the largest decline in ADR (-8.0% to US$159.35).
Atlanta, Georgia, reported the largest decrease in occupancy (-6.6% to 49.8%).
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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