The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 25 November through 1 December 2018, according to data from STR.
In comparison with the week of 26 November through 2 December 2017, the industry recorded the following:
• Occupancy: +1.0% to 57.3%
• Average daily rate (ADR): +2.2% to US$120.23
• Revenue per available room (RevPAR): +3.3% to US$68.93
Among the Top 25 Markets, San Diego, California, registered the largest jump in RevPAR (+45.2% to US$116.29), driven primarily by the only double-digit lift in ADR (+30.3% to US$169.53). The market posted the second-highest rise in occupancy (+11.4% to 68.6%).
Boston, Massachusetts, experienced the largest increase in occupancy (+11.8% to 72.2%) and the second-largest rise in RevPAR (+19.1% to US$123.53).
San Francisco/San Mateo, California, saw the second-largest increase in ADR (+9.7% to US$204.65).
Overall, 16 of the Top 25 Markets reported growth in RevPAR for the week.
Houston, Texas, reported the steepest declines in each of the three key performance metrics: occupancy (-17.4% to 56.9%), ADR (-6.8% to US$99.64) and RevPAR (-23.1% to US$56.70).
Orlando, Florida, experienced the only other double-digit drop in occupancy (-11.9% to 63.6%) and the second-largest decrease in RevPAR (-13.4% to US$72.04).
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.
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