U.S. hotel occupancy dipped 0.2% to 70.5% during the week of 20-26 October. ADR rose just 0.2% to $135, and RevPAR was flat at $95.15.
The U.S. hotel industry reported overall flat year-over-year results in the three key performance metrics during the week of 20-26 October 2019, according to data from STR.
In comparison with the week of 21-27 October 2018, the industry recorded the following:
• Occupancy: -0.2% to 70.5%
• Average daily rate (ADR): +0.2% to US$135.00
• Revenue per available room (RevPAR): flat at US$95.15
Among the Top 25 Markets, Dallas, Texas, experienced the only double-digit rise in occupancy (+10.5% to 79.1%), which resulted in the largest jump in RevPAR (+16.6% to US$95.48).
Washington, D.C.-Maryland-Virginia, posted the highest lift in ADR (+9.0% to US$195.20) and the second-largest increase in RevPAR (+10.9% to US$161.14).
San Francisco/San Mateo, California, saw the largest decline in RevPAR (-15.1% to US$227.52), because of the only double-digit drop in ADR (-15.4% to US$257.17).
New Orleans, Louisiana, recorded the largest drop in occupancy (-8.3% to 79.3%) and the second-steepest decreases in ADR (-7.2% to US$177.67) and RevPAR (-14.9% to US$140.85).
San Diego, California, registered the only other double-digit decline in RevPAR (-10.3% to US$129.79).
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.