STR: U.S. Hotel Results For Week Ending 4 May
For the week of 28 April-4 May, the U.S. hotel industry saw occupancy increase 1.2% to 69.1%, ADR increase 2.3% to $133.43 and RevPAR increase 3.6% to $92.21.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 28 April through 4 May 2019, according to data from STR.
- Occupancy: +1.2% to 69.1%
- Average daily rate (ADR): +2.3% to US$133.43
- Revenue per available room (RevPAR): +3.6% to US$92.21
Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in each of the three key performance metrics: occupancy (+8.2% to 80.5%), ADR (+8.5% to US$227.08) and RevPAR (+17.4% to US$182.69).
Two markets matched for the second-highest rise in occupancy: Chicago, Illinois (+6.9% to 74.4%), and Minneapolis/St. Paul, Minnesota-Wisconsin (+6.9% to 72.4%).
Chicago posted the second-largest jump in RevPAR (+14.5% to US$116.05).
Overall, 15 of the Top 25 Markets reported an increase in RevPAR.
Houston, Texas, saw the steepest declines in occupancy (-6.9% to 66.4%) and ADR (-17.0% to US$107.41), which resulted in the largest drop in RevPAR (-22.7% to US$71.33).
St. Louis, Missouri-Illinois, registered the second-largest decreases in each of the three key performance metrics: occupancy (-5.1% to 65.5%), ADR (-4.5% to US$106.30) and RevPAR (-9.4% to US$69.59).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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.
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