Negative YOY Results for US Hotel Industry for Week Ending August 3rd – 2019

Hotel signage mounted on white building - Photo by NeONBRAND on Unsplash
Negative YOY Results for US Hotel Industry for Week Ending August 3rd – 2019

During the week of 28 July through 3 August, U.S. hotel occupancy dropped 0.8% to 74.8%, and a 0.3% decline in ADR to $133.03 drove RevPAR down 1.1% to $99.45.

The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 28 July through 3 August 2019, according to data from STR.

In comparison with the week of 29 July through 4 August 2018, the industry recorded the following:

  • Occupancy: -0.8% to 74.8%
  • Average daily rate (ADR): -0.3% to US$133.03
  • Revenue per available room (RevPAR): -1.1% at US$99.45

Among the Top 25 Markets, St. Louis, Missouri-Illinois, posted the largest jump in RevPAR (+19.1% to US$97.07), driven by the only double-digit lift in ADR (+13.1% to US$121.11)

Norfolk/Virginia Beach, Virginia, experienced the highest rise in occupancy (+5.8% to 80.7%).

San Francisco/San Mateo, California, reported the largest declines in ADR (-9.7% to US$226.68) and RevPAR (-15.0% to US$195.48). The market saw the second-largest drop in occupancy (-5.9% to 86.2%).

Boston, Massachusetts, registered the steepest decrease in occupancy (-6.0% to 85.4%).

Seattle, Washington, experienced the second-largest decline in RevPAR (-13.5% to US$161.46), due primarily to the second-steepest drop in ADR (-8.2% to US$190.22).

Overall, 14 of the Top 25 Markets reported a RevPAR decrease.

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.