The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 16-22 December 2018, according to data from STR.
In comparison with the week of 17-23 December 2017, the industry recorded the following:
- Occupancy: +4.3% to 47.3%
- Average daily rate (ADR): +0.4% to US$106.97
- Revenue per available room (RevPAR): +4.7% to US$50.57
Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in each of the three key performance metrics: occupancy (+15.0% to 47.3%), ADR (+8.3% to US$135.70) and RevPAR (+24.5% to US$64.14).
Philadelphia, Pennsylvania-New Jersey, experienced the only other double-digit rise in occupancy (+11.8% to 46.9%), which drove the second-largest jump in RevPAR (+17.4% to US$49.71).
Two markets matched for the second-largest lift in ADR: New York, New York (+7.3% to US$221.34), and Detroit, Michigan (+7.3% to US$89.81).
Overall, 19 of the Top 25 Markets reported growth in RevPAR for the week.
Houston, Texas, saw the only double-digit decline in occupancy (-14.2% to 44.1%) and the largest decreases in ADR (-6.4% to US$85.11) and RevPAR (-19.6% to US$37.51).
Orlando, Florida, reported the only other double-digit drop in RevPAR (-11.7% to US$65.14), due primarily to the second-steepest decrease in occupancy (-9.3% to 60.3%).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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