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STR: U.S. hotel results for week ending 1 June

June 11, 2019 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 May through 1 June 2019, according to data from STR.http://www.stevecafeandcuisine.com/

In comparison with the week of 27 May through 2 June 2018, the industry recorded the following:

  • Occupancy: +0.6% to 64.5%
  • Average daily rate (ADR): +1.0% to US$124.16
  • Revenue per available room (RevPAR): +1.6% to US$80.10

Among the Top 25 Markets, Boston, Massachusetts, reported the largest increase in RevPAR (+18.1% to US$156.14), due primarily to the only double-digit lift in ADR (+11.3% to US$207.20). The market saw the second-highest jump in occupancy (+6.1% to 75.4%).

Tampa/St. Petersburg, Florida, experienced the only double-digit rise in occupancy (+15.6% to 68.8%) and the second-largest increase in RevPAR (+17.3% to US$82.26).

Overall, 13 of the Top 25 Markets posted an increase in RevPAR.

New Orleans, Louisiana, reported the steepest decline in RevPAR (-15.8% to US$78.52).

Philadelphia, Pennsylvania-New Jersey, saw the only double-digit decrease in ADR (-10.0% to US$130.67), which resulted in the second-largest drop in RevPAR (-15.5% to US$90.40).

Minneapolis/St. Paul, Minnesota-Wisconsin, registered the steepest decline in occupancy (-9.7% to 57.8%).

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