Global Travel Media » Blog Archive » STR: U.S. hotel results for week ending 29 December

Home » Hotel Trends » Currently Reading:

STR: U.S. hotel results for week ending 29 December

January 7, 2019 Hotel Trends No Comments Email Email

The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 23-29 December 2018, according to data from STR

In comparison with the week of 24-30 December 2017, the industry recorded the following:

  • Occupancy: -1.8% to 50.9%
  • Average daily rate (ADR): -0.5% to US$130.57
  • Revenue per available room (RevPAR): -2.3% to US$66.52

Among the Top 25 Markets, Dallas, Texas, reported the only double-digit lift in RevPAR (+15.8% to US$43.51), driven by the largest increases in occupancy (+7.5% to 49.1%) and ADR (+7.7% to US$88.56). The market’s most significant performance jumps were seen during the night of the College Football Playoff Semifinal between Notre Dame and Clemson. 

St. Louis, Missouri-Illinois, posted the second-highest jump in RevPAR (+8.3% to US$36.18), due to the second-largest increases in occupancy (+1.8% to 41.8%) and ADR (+6.4% to US$86.62).

Anaheim/Santa Ana, California, saw the third-largest rise in RevPAR (+5.8% to US$133.92)

Houston, Texas, registered the only double-digit declines in each of the three key performance metrics: occupancy (-14.5% to 42.1%), ADR (-10.1% to US$78.09) and RevPAR (-23.1% to US$32.87).

Phoenix, Arizona, reported second-largest decline in RevPAR (-9.0% to US$61.85), due primarily to the second-steepest decrease in occupancy (-7.7% to 55.8%). 

Overall, 19 of the Top 25 Markets reported a decline in RevPAR for the week.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS

11 12