U.S. hotel results for week ending 25 January
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 19-25 January 2020, according to data from STR.
In comparison with the week of 20-26 January 2019, the industry recorded the following:
Occupancy: -0.3% to 57.8%
Average daily rate (ADR): +0.6% to US$125.07
Revenue per available room (RevPAR): +0.3% to US$72.24
St. Louis, Missouri-Illinois, registered the largest jump in RevPAR (+19.6% to US$57.74), driven by the only double-digit lift in ADR (+12.1% to US$107.42).
Washington, D.C.-Maryland-Virginia, experienced the only double-digit rise in occupancy (+12.4% to 56.2%).
Oahu Island, Hawaii, recorded the second-highest increases in ADR (+8.4% to US$246.12) and RevPAR (+17.9% to US$227.29).
Overall, 15 of the Top 25 Markets reported a RevPAR increase.
Anaheim/Santa Ana, California, saw the steepest decline in occupancy (-8.7% to 71.7%) and the largest drop in RevPAR (-18.6% to US$108.76).
San Francisco/San Mateo, California, reported the largest decrease in ADR (-14.1% to US$218.18).
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.
Source = STR