Market Report U.S.

Mixed YOY Performance for US Hotel Industry for Week Ending March 2nd - 2019

The U.S. hotel industry reported occupancy decreased 1% to 65.3%, but a 1.3% increase in ADR to $127.59 raised RevPAR 0.3% to $83.36 during the week ending 2 March.

STR

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR.

In comparison with the week of 25 February through 3 March 2018, the industry recorded the following:

• Occupancy: -1.0% to 65.3%
• Average daily rate (ADR): +1.3% to US$127.59
• Revenue per available room (RevPAR): +0.3% at US$83.36

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest lift in RevPAR (+37.9% to US$151.37), due primarily to the largest rise in ADR (+33.1% to US$199.22). STR analysts note the year-over-year jump is due primarily to the Mardi Gras holiday calendar shift.

Chicago, Illinois, experienced the highest rise in occupancy (+5.1% to 60.1%) and the third-largest increase in RevPAR (+11.4% to US$70.03).

San Francisco/San Mateo, California, saw the only other double-digit increases in ADR (+10.6% to US$236.81) and RevPAR (+11.9% to US$187.62).

Philadelphia, Pennsylvania-New Jersey, registered the steepest declines in each of the three key performance metrics: occupancy (-10.7% to 63.6%), ADR (-4.7% to US$121.42) and RevPAR (-14.9% to US$77.17).

Two markets matched for the second-largest decrease in occupancy: Nashville, Tennessee (-7.6% to US$71.4%) and Seattle, Washington (-7.6% to 68.4%).

Nashville reported the second-largest drop in RevPAR (-10.6% to US$103.54).

View U.S. weekly hotel performance review

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.



Logos, product and company names mentioned are the property of their respective owners.