17 of the Top 25 US Markets saw a RevPAR decrease.
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 23-29 June 2019, according to data from STR.
In comparison with the week of 24-30 June 2018, the industry recorded the following:
- Occupancy: -0.5% to 75.5%
- Average daily rate (ADR): +1.4% to US$133.83
- Revenue per available room (RevPAR): +0.9% to US$100.99
Among the Top 25 Markets, Philadelphia, Pennsylvania, posted the largest jump in RevPAR (+17.8% to US$130.69), driven by the only double-digit lift in ADR (+12.9% to US$154.82). The market saw the second-highest increase in occupancy (+4.3% to 84.4%).
Phoenix, Arizona, experienced the largest rise in occupancy (+6.6% to 67.3%) and the only other double-digit increase in RevPAR (+13.8% to US$65.40).
Detroit, Michigan, saw the steepest decline in RevPAR (-18.1% to US$80.96), due primarily to the only double-digit drop in occupancy (-13.1% to US$74.9%). ADR in the market fell 5.8% to US$108.03.
Houston, Texas, registered the largest decrease in ADR (-6.3% to US$99.39).
Denver, Colorado, reported the second-largest declines in occupancy (-6.7% to 88.0%) and RevPAR (-10.7% to US$138.39).
Overall, 17 of the Top 25 Markets saw a RevPAR decrease.
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.