U.S. hotel results for week ending 13 July
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 7-13 July 2019, according to data from STR.
In comparison with the week of 8-14 July 2018, the industry recorded the following:
Occupancy: -2.4% to 74.2%
Average daily rate (ADR): -0.6% to US$132.24
Revenue per available room (RevPAR): -2.9% to US$98.08
Among the Top 25 Markets, Phoenix, Arizona, posted the largest lift in RevPAR (+4.2% to US$53.93) because of the largest increase in ADR (+5.3% to US$89.91).
Dallas, Texas, experienced the highest rise in occupancy (+1.3% to 73.3%).
New Orleans, Louisiana, saw the steepest decline in RevPAR (-17.1% to US$79.19), due primarily to the only double-digit drop in occupancy (-20.3% to 57.8%). The most significant performance declines in the market came at the end of the week as Tropical Storm Barry made landfall.
Houston, Texas, reported the largest decrease in ADR (-9.4% to US$96.16).
San Francisco/San Mateo, California, registered the second-largest declines in each of the three key performance metrics: occupancy (-8.0% to 81.6%), ADR (-6.9% to US$245.18) and RevPAR (-14.4% to US$200.13).
Overall, 19 of the Top 25 Markets saw a RevPAR decrease.
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. For more information, please visit str.com.
Source = STR