Source: STR

HENDERSONVILLE, Tennessee – The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 13-19 May 2018, according to data from STR.

In comparison with the week of 14-20 May 2017, the industry recorded the following:

  • Occupancy: -0.5% to 70.2%
  • Average daily rate (ADR): +3.5% to US$132.36
  • Revenue per available room (RevPAR): +3.0% to US$92.92

Among the Top 25 Markets, Miami/Hialeah, Florida, experienced the largest jumps in occupancy (+9.9% to 81.4%) and RevPAR (+22.3% to US$149.70). ADR in the market rose 11.3% to US$183.84.

San Francisco/San Mateo, California, posted the largest lift in ADR (+12.5% to US$259.77).

Phoenix, Arizona, reported the second-largest increases in occupancy (+8.1% to 67.1%) and RevPAR (+16.0% to US$81.51).

Overall, 16 of the Top 25 Markets reported an increase in RevPAR.

Orlando, Florida, reported the steepest decline in RevPAR (-16.4% to US$80.90), due primarily to the largest decrease in occupancy (-13.3% to 68.7%). ADR in the market fell 3.6% to US$117.80.

St. Louis, Missouri-Illinois, also reported a 3.6% ADR decrease to US$114.86.

Denver, Colorado, experienced the second-largest drop in occupancy (-8.9% to 76.7%) and the only other double-digit decrease in RevPAR (-10.1% to US$99.31).

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