STR: US Hotel Results For Week Ending 28 December

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STR: US Hotel Results For Week Ending 28 December

HENDERSONVILLE, Tennessee — The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 22-28 December 2019, according to data from STR.

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In comparison with the week of 23-29 December 2018, the industry recorded the following:

  • Occupancy: -4.9% to 48.5%
  • Average daily rate (ADR): -2.6% to US$127.92
  • Revenue per available room (RevPAR): -7.4% to US$62.00

Nashville, Tennessee, recorded the largest decreases in each of the three key performance metrics: occupancy (-13.6% to 46.9%), ADR (-10.9% to US$118.04) and RevPAR (-22.9% to US$55.40).

New Orleans, Louisiana, saw the second-steepest decline in RevPAR (-20.9% to US$69.80), due primarily to the only other double-digit drop in occupancy (-12.7% to 56.4%).

Two markets matched for the second-largest decrease in ADR: New York, New York (-10.2% to US$237.99) and Orlando, Florida (-10.2% to US$140.10).

Phoenix, Arizona, experienced the highest rise in occupancy (+4.3% to 58.0%), which drove the week’s only double-digit jump in RevPAR (+11.3% to US$68.58).

Atlanta, Georgia, posted the largest lift in ADR (+7.8% to US$91.11).

Download STR’s weekly U.S. hotel review here.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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