STR: US Hotel Results For Week Ending 11 May
For the week of 5-11 May, U.S. hotel occupancy dipped 0.3% to 68.3%, but a 1.2% ADR increase to $131.72 drove RevPAR up 0.9% to $89.94.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 5-11 May 2019, according to data from STR.
In comparison with the week of 6-12 May 2018, the industry recorded the following:
- Occupancy: -0.3% to 68.3%
- Average daily rate (ADR): +1.2% to US$131.72
- Revenue per available room (RevPAR): +0.9% to US$89.94
Among the Top 25 Markets, Houston, Texas, saw the only double-digit increases in each of the three key performance metrics: occupancy (+17.3% to 73.0%), ADR (+18.1% to US$125.01) and RevPAR (+38.5% to US$91.29).
St. Louis, Missouri-Illinois, experienced the second-highest rise in occupancy (+5.8% to 71.5%).
Philadelphia, Pennsylvania-New Jersey, posted the second-largest lift in ADR (+6.0% to US$158.83).
Denver, Colorado, registered the second-largest jump in RevPAR (+9.5% to US$105.09).
Overall, 13 of the Top 25 Markets reported an increase in RevPAR.
San Diego, California, reported the only double-digit declines in occupancy (-11.4% to 70.6%) and RevPAR (-10.9% to US$112.57).
Chicago, Illinois, posted the steepest drop in ADR (-7.7% to US$155.25).
Download STR's weekly U.S. hotel review.
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
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