Source: STR

HENDERSONVILLE, Tennessee – The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 22-28 July 2018, according to data from STR.

In comparison with the week of 23-29 July 2017, the industry recorded the following:

  • Occupancy: +1.3% to 78.5%
  • Average daily rate (ADR): +2.9% to US$135.94
  • Revenue per available room (RevPAR): +4.2% to US$106.66

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, registered the largest increase in RevPAR (+17.7% to US$110.67).

San Francisco/San Mateo, California, posted the largest lift in ADR (+15.2% to US$292.75) and the second-highest rise in RevPAR (+16.6% to US$281.18).

Houston, Texas, experienced the largest increase in occupancy (+9.6% to 67.8%), which drove the third-highest jump in RevPAR (+16.3% to US$67.97).

Overall, 18 of the Top 25 Markets registered an increase in RevPAR.

Miami/Hialeah, Florida, reported the steepest decrease in RevPAR (-6.4% to US$134.24), due in part to the largest drop in ADR (-2.3% to US$163.08). Occupancy in the market fell 4.2% to 82.3%.

St. Louis, Missouri-Illinois, experienced the largest decline in occupancy (-5.3% to 78.3%) and the second-largest decrease in RevPAR (-5.8% to US$89.64).

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