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STR: U.S. hotel results for week ending 31 August

September 9, 2019 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 25-31 August 2019, according to data from STR.

In comparison with the week of 26 August through 1 September 2018, the industry recorded the following:

  •  Occupancy: -0.4% to 66.7%
  • Average daily rate (ADR): +1.4% to US$127.26
  • Revenue per available room (RevPAR): +1.0% at US$84.87

Among the Top 25 Markets, San Francisco/San Mateo, California, registered the largest increase in RevPAR (+35.2% to US$236.56), due primarily to the only double-digit lift in ADR (+24.2% to US$267.26).

New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+12.7% to 60.4%), which resulted in the second-largest jump in RevPAR (+16.4% to US$71.20).

Overall, 17 of the Top 25 Markets reported a RevPAR increase.

Orlando, Florida, saw the steepest declines in occupancy (-21.6% to 52.4%) and RevPAR (-24.1% to US$52.84).

Miami/Hialeah, Florida, posted the largest drop in ADR (-6.6% to US$137.27) and the only other double-digit decreases in occupancy (-10.9% to 60.1%) and RevPAR (-16.8% to US$82.56).

Due to the anticipation of Hurricane Dorian, the three largest hotel markets in Florida each reported significant declines in occupancy on Friday and Saturday.

Market 30 August 2019 31 August 2019
Orlando -35.4% -41.9%
Miami/Hialeah -23.7% -38.6%
Tampa/St. Petersburg -10.5% -14.7%

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