Article Summary: U.S. hotel occupancy dipped 0.4% to 66.7% during the week of 25-31 August, but a 1.4% ADR increase to $127.26 pushed RevPAR up 1% to $84.87.
U.S. hotel occupancy dipped 0.4% to 66.7% during the week of 25-31 August, but a 1.4% ADR increase to $127.26 pushed RevPAR up 1% to $84.87.
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 25-31 August 2019, according to data from STR.
In comparison with the week of 26 August through 1 September 2018, the industry recorded the following:
• Occupancy: -0.4% to 66.7%
• Average daily rate (ADR): +1.4% to US$127.26
• Revenue per available room (RevPAR): +1.0% at US$84.87
Among the Top 25 Markets, San Francisco/San Mateo, California, registered the largest increase in RevPAR (+35.2% to US$236.56), due primarily to the only double-digit lift in ADR (+24.2% to US$267.26).
New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+12.7% to 60.4%), which resulted in the second-largest jump in RevPAR (+16.4% to US$71.20).
Overall, 17 of the Top 25 Markets reported a RevPAR increase.
Orlando, Florida, saw the steepest declines in occupancy (-21.6% to 52.4%) and RevPAR (-24.1% to US$52.84).
Miami/Hialeah, Florida, posted the largest drop in ADR (-6.6% to US$137.27) and the only other double-digit decreases in occupancy (-10.9% to 60.1%) and RevPAR (-16.8% to US$82.56).
Due to the anticipation of Hurricane Dorian, the three largest hotel markets in Florida each reported significant declines in occupancy on Friday and Saturday.
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Headline: STR: US hotel results for week ending 31 August
Article Date: 9/5/2019
Article Time: 12:23:00 PM