From 29 December to 4 January, U.S. hotel occupancy climbed 0.3% to 49%, ADR rose 4% to $136.46 and RevPAR increased 4.3% to $66.84.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 December 2019 through 4 January 2020, according to data from STR.
In comparison with the week of 30 December 2018 through 5 January 2019, the industry recorded the following:
• Occupancy: +0.3% to 49.0%
• Average daily rate (ADR): +4.0% to US$136.46
• Revenue per available room (RevPAR): +4.3% to US$66.84
Oahu Island, Hawaii, recorded the largest increase in RevPAR (+22.4% to US$369.64), driven by the only double-digit lift in ADR (+16.0% to US$405.95).
Miami/Hialeah, Florida, experienced the only double-digit rise in occupancy (+11.1% to 86.2%) and the second-largest jump in RevPAR (+16.3% to US$290.06).
Nashville, Tennessee, saw the second-largest increase in occupancy (+9.9% to 57.8%) and the third-highest jump in RevPAR (+13.8% to US$74.64).
New Orleans, Louisiana, registered the steepest drop in RevPAR (-10.8% to US$106.86), due primarily to the largest decline in ADR (-8.0% to US$159.35).
Atlanta, Georgia, reported the largest decrease in occupancy (-6.6% to 49.8%).
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.