STR: U.S. hotel results for week ending 24 November
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 November 2018, according to data from STR.
In comparison with the week of 19-25 November 2017, the industry recorded the following:
- Occupancy: +0.7% to 52.0%
- Average daily rate (ADR): +2.1% to US$112.26
- Revenue per available room (RevPAR): +2.8% to US$58.38
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in RevPAR (+26.2% to US$91.02), driven by the highest rise in occupancy (+13.0% to 63.4%) and the only double-digit lift in ADR (+11.7% to US$143.55).
Boston, Massachusetts, posted the second-highest increases in ADR (+7.4% to US$144.34) and RevPAR (+14.6% to US$83.54).
Denver, Colorado, experienced the only other double-digit increases in occupancy (+10.2% to 48.7%) and RevPAR (+13.7% to US$48.28).
Overall, 14 of the Top 25 Markets reported growth in RevPAR for the week.
Houston, Texas, registered the steepest declines in each of the three key performance metrics: occupancy (-21.9% to 44.1%), ADR (-11.4% to US$80.70) and RevPAR (-30.8% to US$35.56).
San Francisco/San Mateo, California, saw the only other double-digit decreases in occupancy (-12.1% to 53.4%) and RevPAR (-12.7% to US$82.83).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.