Article Summary: During the week of 30 December to 5 January, U.S. hotel occupancy dipped 0.4% to 48.8%, but ADR rose 5.6% to $130.69 to lift RevPAR up 5.2% to $63.79.
During the week of 30 December to 5 January, U.S. hotel occupancy dipped 0.4% to 48.8%, but ADR rose 5.6% to $130.69 to lift RevPAR up 5.2% to $63.79.
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 December 2018 through 5 January 2019, according to data from STR.
In comparison with the week of 31 December 2017 through 6 January 2018, the industry recorded the following:
• Occupancy: -0.4% to 48.8%
• Average daily rate (ADR): +5.6% to US$130.69
• Revenue per available room (RevPAR): +5.2% to US$63.79
Among the Top 25 Markets, Phoenix, Arizona, reported the largest increase in RevPAR (+13.7% to US$67.06), due primarily to the second-highest rise in occupancy (+8.6% to 57.8%).
Miami/Hialeah, Florida, posted the largest lift in ADR (+14.0% to US$320.24).
New Orleans, Louisiana, experienced the highest jump in occupancy (+9.4% to 68.8%).
Philadelphia, Pennsylvania-New Jersey, reported the steepest declines in each of the three key performance metrics: occupancy (-24.1% to 41.1%), ADR (-11.9% to US$108.01) and RevPAR (-33.2% to US$44.40).
Houston, Texas, saw the only other double-digit drop in ADR (-10.9% to US$80.71) and the second-largest decreases in occupancy (-19.2% to 40.6%) and RevPAR (-28.0% to US$32.79).
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Headline: STR: US hotel results for week ending 5 January
Article Date: 1/10/2019
Article Time: 9:09:00 AM