Mixed YOY Results for US Hotel Industry for Week Ending June 8th – 2019
U.S. hotel occupancy declined 1.3% to 72% during the week of 2-8 June, and despite a 0.5% ADR increase to $132.40, RevPAR fell 0.8% to $95.36.
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 2-8 June 2019, according to data from STR.
In comparison with the week of 3-9 June 2018, the industry recorded the following:
• Occupancy: -1.3% to 72.0%
• Average daily rate (ADR): +0.5% to US$132.40
• Revenue per available room (RevPAR): -0.8% to US$95.36
Among the Top 25 Markets, Philadelphia, Pennsylvania, reported the largest increases in each of the three key performance metrics: occupancy (+6.4% to 81.8%), ADR (+16.2% to US$161.23) and RevPAR (+23.7% to US$131.87).
San Francisco/San Mateo, California, experienced the only other double-digit increase in ADR (+13.2% to US$262.40) and the second-largest jump in RevPAR (+14.4% to US$223.45).
Orlando, Florida, registered the only double-digit decrease in RevPAR (-21.5% to US$82.51), due to the only double-digit drop in occupancy (-14.5% to 70.1%) and the steepest decline in ADR (-8.1% to US$117.72).
Two markets matched for the second-largest decrease in RevPAR: Seattle, Washington (-8.0% to US$150.36), and Dallas, Texas (-8.0% to US$74.00).
Overall, 14 of the Top 25 Markets posted a drop in RevPAR.
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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June 13, 2019 at 09:02AM