STR: U.S. hotel results for week ending 15 December
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 9-15 December 2018, according to data from STR.
In comparison with the week of 10-16 December 2017, the industry recorded the following:
- Occupancy: +1.3% to 57.3%
- Average daily rate (ADR): +3.2% to US$119.10
- Revenue per available room (RevPAR): +4.6% to US$68.25
Among the Top 25 Markets, Washington, D.C.-Maryland-Virginia, reported the largest increases in occupancy (+14.7% to 69.1%) and RevPAR (+29.2% to US$106.13).
Seattle, Washington, posted the largest lift in ADR (+15.8% to US$149.09) and the second-highest rises in occupancy (+11.5% to 73.1%) and RevPAR (+29.1% to US$108.99).
San Francisco/San Mateo, California, registered the second-largest increase in ADR (+12.8% to US$210.39).
Overall, 17 of the Top 25 Markets reported growth in RevPAR for the week.
New Orleans, Louisiana, reported the steepest declines in each of the three key performance metrics: occupancy (-21.7% to 57.1%), ADR (-12.6% to US$123.76) and RevPAR (-31.6% to US$70.65).
Houston, Texas, experienced the second-largest decrease in occupancy (-14.7% to 59.6%), resulting in the second-largest drop in RevPAR (-19.2% to US$60.35).
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.