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STR: U.S. hotel results for week ending 11 May

May 20, 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 5-11 May 2019, according to data from STR. http://www.stevecafeandcuisine.com/

In comparison with the week of 6-12 May 2018, the industry recorded the following:

  • Occupancy: -0.3% to 68.3%
  • Average daily rate (ADR): +1.2% to US$131.72
  • Revenue per available room (RevPAR): +0.9% to US$89.94

Among the Top 25 Markets, Houston, Texas, saw the only double-digit increases in each of the three key performance metrics: occupancy (+17.3% to 73.0%), ADR (+18.1% to US$125.01) and RevPAR (+38.5% to US$91.29).

St. Louis, Missouri-Illinois, experienced the second-highest rise in occupancy (+5.8% to 71.5%).

Philadelphia, Pennsylvania-New Jersey, posted the second-largest lift in ADR (+6.0% to US$158.83).

Denver, Colorado, registered the second-largest jump in RevPAR (+9.5% to US$105.09).

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

San Diego, California, reported the only double-digit declines in occupancy (-11.4% to 70.6%) and RevPAR (-10.9% to US$112.57).

Chicago, Illinois, posted the steepest drop in ADR (-7.7% to US$155.25).

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