STR: US Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee — The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 May through 1 June 2019, according to data from STR.

In comparison with the week of 27 May through 2 June 2018, the industry recorded the following:

  • Occupancy: +0.6% to 64.5%
  • Average daily rate (ADR): +1.0% to US$124.16
  • Revenue per available room (RevPAR): +1.6% to US$80.10

Among the Top 25 Markets, Boston, Massachusetts, reported the largest increase in RevPAR (+18.1% to US$156.14), due primarily to the only double-digit lift in ADR (+11.3% to US$207.20). The market saw the second-highest jump in occupancy (+6.1% to 75.4%).

Tampa/St. Petersburg, Florida, experienced the only double-digit rise in occupancy (+15.6% to 68.8%) and the second-largest increase in RevPAR (+17.3% to US$82.26).

Overall, 13 of the Top 25 Markets posted an increase in RevPAR.

New Orleans, Louisiana, reported the steepest decline in RevPAR (-15.8% to US$78.52).

Philadelphia, Pennsylvania-New Jersey, saw the only double-digit decrease in ADR (-10.0% to US$130.67), which resulted in the second-largest drop in RevPAR (-15.5% to US$90.40).

Minneapolis/St. Paul, Minnesota-Wisconsin, registered the steepest decline in occupancy (-9.7% to 57.8%).

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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
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
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