For the week of 28 April-4 May, the U.S. hotel industry saw occupancy increase 1.2% to 69.1%, ADR increase 2.3% to $133.43 and RevPAR increase 3.6% to $92.21.
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.