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STR: U.S. hotel results for week ending 8 June

June 17, 2019 Hotel Trends No Comments Email Email

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.
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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.

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