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STR: U.S. hotel results for week ending 6 April

April 15, 2019 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 31 March through 6 April 2019, according to data from STR. http://www.stevecafeandcuisine.com/

In comparison with the week of 1-7 April 2018, the industry recorded the following:

  • Occupancy: +0.4% to 68.7%
  • Average daily rate (ADR): +1.5% to US$130.79
  • Revenue per available room (RevPAR): +1.9% to US$89.90

STR analysts note that performance growth was lifted due to comparison with Easter Sunday and the days immediately following in 2018.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, posted the largest jump in RevPAR (+55.1% to US$106.96), driven by the highest lift in ADR (+41.6% to US$158.33). The market saw the second-largest increase in occupancy (+9.5% to 67.6%).

Chicago, Illinois, experienced the only double-digit rise in occupancy (+11.0% to 70.4%) and the second-largest jump in RevPAR (+22.8% to US$97.58).

Atlanta, Georgia, posted the second-highest lift in ADR (+15.9% to US$121.00).

Miami/Hialeah, Florida, registered the steepest decline in RevPAR (-18.0% to US182.37), due primarily to the only double-digit drop in ADR (-12.2% to US$224.37).

Norfolk/Virginia Beach, Virginia, experienced the largest decrease in occupancy (-9.7% to 64.8%).

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