U.S. hotel occupancy decreased 3.6% to 64.2% during the week of 10-16 November. ADR dipped 0.6% to $129.96 and RevPAR dropped 4.2% to $81.49.
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 10-16 November 2019, according to data from STR.
In comparison with the week of 11-17 November 2018, the industry recorded the following:
• Occupancy: -3.6% to 64.2%
• Average daily rate (ADR): -0.6% to US$129.96
• Revenue per available room (RevPAR): -4.2% to US$81.49
Overall, 16 of the Top 25 Markets reported a decrease in RevPAR.
Boston, Massachusetts, experienced the only double-digit decline in occupancy (-14.1% to 74.3%) and the steepest drop in RevPAR (-20.8% to US$149.14).
New Orleans, Louisiana, recorded the only double-digit decline in ADR (-10.2% to US$142.45) and the second-steepest decrease in RevPAR (-15.0% to US$99.35).
Minneapolis/St. Paul, Minnesota-Wisconsin, saw the largest increases in each of the three key performance metrics: occupancy (+7.8% to 67.1%), ADR (+7.1% to US$123.26) and RevPAR (+15.4% to US$82.73).
Oahu Island, Hawaii, registered the second-highest jump in RevPAR (+6.2% to US$188.40), driven by the second-largest lift in ADR (+4.5% to US$225.89).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 67,000 properties and 9.0 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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.
North America Media Contacts:
Senior Director, Communications
+1 (615) 824-8664 ext. 3305
+1 (615) 824-8664 ext. 3500
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at email@example.com.