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 29 July through 4 August 2018, according to data from STR.

In comparison with the week of 30 July through 5 August 2017, the industry recorded the following:

  • Occupancy: +1.0% to 75.3%
  • Average daily rate (ADR): +3.1% to US$132.88
  • Revenue per available room (RevPAR): +4.1% to US$100.07

Among the Top 25 Markets Chicago, Illinois, posted the largest increase in RevPAR (+15.2% to US$146.20), due primarily to the only double-digit lift in ADR (+11.0% to US$171.97).

St. Louis, Missouri-Illinois, experienced the largest rise in occupancy (+9.5% to 76.1) and the second-highest jump in RevPAR (+14.6% to US$81.55).

Boston, Massachusetts, registered the second-largest increase in ADR (+6.8% to US$220.13) and the only other double-digit increase in RevPAR (+12.0% to US$199.93).

Overall, 21 of the Top 25 Markets registered an increase in RevPAR.

Denver, Colorado, reported the only double-digit decrease in RevPAR (-10.0% to US$118.34), due to the largest decreases in occupancy (-5.4% to 84.5%) and ADR (-4.8% to US$140.02).

Norfolk/Virginia Beach, Virginia, experienced the second-largest drops in occupancy (-3.8% to 76.1%) and RevPAR (-5.1% to US$99.75).

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