Positive YOY Performance for US Hotel Industry for Week Ending April 13th – 2019

Hotel No Vacancy sign - Photo by KEEM IBARRA on Unsplash
Positive YOY Performance for US Hotel Industry for Week Ending April 13th – 2019

U.S. hotel occupancy rose 2.4% to 69.9% during the week of 7-13 April, while ADR increased 4.4% to $136.25 and RevPAR rose 6.9% to $95.22.

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 7-13 April 2019, according to data from STR.

In comparison with the week of 8-14 April 2018, the industry recorded the following:

• Occupancy: +2.4% to 69.9%
• Average daily rate (ADR): +4.4% to US$136.25
• Revenue per available room (RevPAR): +6.9% to US$95.22

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, posted the largest increases across the three key performance indicators: occupancy (+9.0% to 73.0%), ADR (+29.5% to US$150.62) and RevPAR (+41.1% to US$109.98).

San Francisco/San Mateo, California, registered the second-largest increases in ADR (+27.0% to US$284.79) and RevPAR (+34.7% to US$251.46).

Chicago, Illinois, experienced the second-highest rise in occupancy (+8.5% to 80.0%).

New Orleans, Louisiana, reported the steepest declines in each of the three key performance metrics: occupancy (-5.1% to 80.6%), ADR (-2.5% to US$176.47) and RevPAR (-7.5% to US$142.29).

Seattle, Washington, saw the second-largest decrease in occupancy (-4.8% to 69.5%) and the only other drop in ADR (-1.7% to US$144.42), which resulted in the second-steepest decline in RevPAR (-6.5% to US$100.30).

View U.S. weekly hotel performance review

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.