Industry Update
Performance 3 January 2019

STR: U.S. hotel results for week ending 22 December

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Smith Travel Research

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 16-22 December 2018, according to data from STR.

In comparison with the week of 17-23 December 2017, the industry recorded the following:

  • Occupancy: +4.3% to 47.3%
  • Average daily rate (ADR): +0.4% to US$106.97
  • Revenue per available room (RevPAR): +4.7% to US$50.57

Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in each of the three key performance metrics: occupancy (+15.0% to 47.3%), ADR (+8.3% to US$135.70) and RevPAR (+24.5% to US$64.14).

Philadelphia, Pennsylvania-New Jersey, experienced the only other double-digit rise in occupancy (+11.8% to 46.9%), which drove the second-largest jump in RevPAR (+17.4% to US$49.71).

Two markets matched for the second-largest lift in ADR: New York, New York (+7.3% to US$221.34), and Detroit, Michigan (+7.3% to US$89.81).

Overall, 19 of the Top 25 Markets reported growth in RevPAR for the week.

Houston, Texas, saw the only double-digit decline in occupancy (-14.2% to 44.1%) and the largest decreases in ADR (-6.4% to US$85.11) and RevPAR (-19.6% to US$37.51).

Orlando, Florida, reported the only other double-digit drop in RevPAR (-11.7% to US$65.14), due primarily to the second-steepest decrease in occupancy (-9.3% to 60.3%).

A note to editors: All references to STR data and analysis should cite "STR" as the source. Please refrain from citing "STR, Inc." "Smith Travel Research" or "STR Global" in sourcing.

Additional Performance Data
Are you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises more than 62,000 hotels and 8.4 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

About STR
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.

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