The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 14-20 July 2019, according to data from STR.
In comparison with the week of 15-21 July 2018, the industry recorded the following:
• Occupancy: -0.5% to 77.9%
• Average daily rate (ADR): +0.5% to US$136.49
• Revenue per available room (RevPAR): flat at US$106.34
Among the Top 25 Markets, Minneapolis, St. Paul-Minnesota-Wisconsin, experienced the highest rise in both occupancy (+8.3% to 88.5%) and RevPAR (+12.9% to US$120.00).
Nashville, Tennessee, posted the largest lift in ADR (+5.3% to US$150.80) and the second-largest jump in RevPAR (+9.7% to US$126.05).
New Orleans, Louisiana, saw the steepest drop in RevPAR (-29.1% to US$67.52), due primarily to the only double-digit decrease in occupancy (-23.7% to 56.4%). The market saw the second-largest decline in ADR (-7.1% to US$119.77). Performance decreases, most pronounced on 14 July, can be attributed to the effects of Tropical Storm Barry.
San Francisco/San Mateo, California, registered the only double-digit decline in ADR (-10.1% to US$240.59), which resulted in the second-largest drop in RevPAR (-14.3% to US$213.90).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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