STR: US Hotel Results For Week Ending 18 May
The U.S. hotel industry saw occupancy increase 0.8% to 70.8% during the week of 12-18 May, and a 1.4% ADR increase to $134.36 pushed RevPAR up 2.2% to $95.13.
HENDERSONVILLE, Tennessee — The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 May 2019, according to data from STR.
- Occupancy: +0.8% to 70.8%
- Average daily rate (ADR): +1.4% to US$134.36
- Revenue per available room (RevPAR): +2.2% to US$95.13
Among the Top 25 Markets, Boston, Massachusetts, reported the largest increase in RevPAR (+11.5% to US$212.97), due primarily to the second-highest lift in ADR (+7.2% to US$245.41).
Philadelphia, Pennsylvania-New Jersey, posted the largest jump in ADR (+7.9% to US$160.06).
Anaheim/Santa Ana, California, experienced the highest rise in occupancy (+5.3% to 78.3%).
Seattle, Washington, registered the largest drop in RevPAR (-14.8% to US$130.65) primarily because of the steepest decline in ADR (-9.8% to US$163.51).
Miami/Hialeah, Florida, saw the largest decrease in occupancy (-6.1% to 76.4%) and the only other double-digit decline in RevPAR (-10.6% to US$133.87).
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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