The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 28 April through 4 May 2019, according to data from STR.
In comparison with the week of 29 April through 5 May 2018, the industry recorded the following:
• Occupancy: +1.2% to 69.1%
• Average daily rate (ADR): +2.3% to US$133.43
• Revenue per available room (RevPAR): +3.6% to US$92.21
Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in each of the three key performance metrics: occupancy (+8.2% to 80.5%), ADR (+8.5% to US$227.08) and RevPAR (+17.4% to US$182.69).
Two markets matched for the second-highest rise in occupancy: Chicago, Illinois (+6.9% to 74.4%), and Minneapolis/St. Paul, Minnesota-Wisconsin (+6.9% to 72.4%).
Chicago posted the second-largest jump in RevPAR (+14.5% to US$116.05).
Overall, 15 of the Top 25 Markets reported an increase in RevPAR.
Houston, Texas, saw the steepest declines in occupancy (-6.9% to 66.4%) and ADR (-17.0% to US$107.41), which resulted in the largest drop in RevPAR (-22.7% to US$71.33).
St. Louis, Missouri-Illinois, registered the second-largest decreases in each of the three key performance metrics: occupancy (-5.1% to 65.5%), ADR (-4.5% to US$106.30) and RevPAR (-9.4% to US$69.59).
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.
Logos, product and company names mentioned are the property of their respective owners.