The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 21-27 July 2019, according to data from STR.
In comparison with the week of 22-28 July 2018, the industry recorded the following:
• Occupancy: -1.0% to 77.5%
• Average daily rate (ADR): -0.5% to US$136.00
• Revenue per available room (RevPAR): -1.6% at US$105.43
Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, experienced the highest rise in both occupancy (+5.2% to 82.7%) and RevPAR (+5.9% to US$112.44).
New Orleans, Louisiana, posted the largest lift in ADR (+4.9% to US$121.94).
San Francisco/San Mateo, California, registered the largest decrease in occupancy (-6.2% to 90.0%) and the only double-digit declines in ADR (-17.8% to US$240.40) and RevPAR (-22.9% to US$216.33).
Atlanta, Georgia, saw the second-largest decrease in occupancy (-5.2% to 76.0%).
Chicago, Illinois, reported the second-steepest drop in RevPAR (-8.0% to US$124.81), due primarily to the second-largest decline in ADR (-5.1% to US$151.38).
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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