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STR: U.S. hotel results for week ending 17 November

November 23, 2018 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 11-17 November 2018, according to data from STR.

In comparison with the week of 12-18 November 2017, the industry recorded the following:

  • Occupancy: +0.6% to 66.6%
  • Average daily rate (ADR): +2.5 to US$127.53
  • Revenue per available room (RevPAR): +3.1% to US$84.99

Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in occupancy (+9.7% to 86.6%) and RevPAR (+21.5% to US$188.52).

San Francisco/ San Mateo, California, posted the largest lift in ADR (+12.0% to US$256.77).

San Diego, California, saw the second-highest increases in occupancy (+5.8% to 77.3%) and RevPAR (+13.9% to US$120.05).

Overall, 17 of the Top 25 Markets reported growth in RevPAR for the week.

Houston, Texas, registered the steepest declines in occupancy (-17.3% to 66.5%) and RevPAR (-23.3% to US$71.92).

Denver, Colorado, reported the second-largest drop in RevPAR (-15.6% to US$92.65), due primarily to the steepest decline in ADR (-7.6% to US$128.84).

Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the only other double-digit decreases in occupancy (-10.1% to 62.3%) and RevPAR (-11.7% to US$71.65).

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