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STR: U.S. hotel results for week ending 3 November

November 12, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly flat year-over-year results in the three key performance metrics during the week of 28 October through 3 November 2018, according to data from STR.

In comparison with the week of 29 October through 4 November 2017, the industry recorded the following:

  • Occupancy: -0.7% to 62.9%
  • Average daily rate (ADR): +0.7% to US$124.81
  • Revenue per available room (RevPAR): -0.1% to US$78.54

Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in each of the three key performance metrics: occupancy (+8.6% to 80.9%), ADR (+9.2% to US$212.70) and RevPAR (+18.6% to US$171.98).  

Norfolk/Virginia Beach, Virginia, saw the second-largest rise in occupancy (+7.7% to 56.6%) and the only other double-digit jump in RevPAR (+11.2% to US$48.23).

Nashville, Tennessee, posted the second-largest lift in ADR (+4.9% to US$150.89).

Houston, Texas, registered the steepest declines in occupancy (-23.5% to 60.6%) and RevPAR (-30.8% to US$61.90). Houston’s hotel performance was lifted in the weeks and months that followed Hurricane Harvey in 2017 as properties filled with displaced residents, relief workers, insurance adjustors, media members, etc.

New Orleans, Louisiana, reported the only double-digit decrease in ADR (-11.7% to US$161.20) and the second-largest drop in RevPAR (-16.8% to US$119.35).

Orlando, Florida, experienced the second-largest decline in occupancy (-13.8% to 63.4%).

Additional Performance Data
Are you a member of the media looking for performance data for a hotel market not included in this release? STR’s sample comprises more than 62,000 hotels and 8.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

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