The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 4-10 November 2018, according to data from STR.
In comparison with the week of 5-11 November 2017, the industry recorded the following:
• Occupancy: +0.7% to 69.0%
• Average daily rate (ADR): +1.0% to US$129.95
• Revenue per available room (RevPAR): +1.6% to US$89.68
Two of the Top 25 Markets matched for the largest increase in RevPAR: Boston, Massachusetts (+15.7% to US$194.59), and San Diego, California (+15.7% to US$142.47).
Boston’s growth was driven by the only double-digit rise in occupancy (+10.3% to 89.3%).
San Diego posted the largest lift in ADR (+7.9% to US$169.04) and the second-highest jump in occupancy (+7.2% to 84.3%).
Atlanta, Georgia, saw the only other double-digit increase in RevPAR (+12.7% to US$98.10), due in part to the second-largest increase in ADR (+6.4% to US$122.12).
Overall, 13 of the Top 25 Markets reported a RevPAR increase.
San Francisco/San Mateo, California, registered the steepest decline in ADR (-20.0% to US$265.13), resulting in the largest drop in RevPAR (-21.8% to US$232.04).
Houston, Texas, experienced the only double-digit drop in occupancy (-16.6% to 68.8%) and the second-largest decrease in RevPAR (-16.8% to US$78.15).
New Orleans, Louisiana, posted the second-largest decline in RevPAR (-9.4% to US$124.17), due primarily to the only other double-digit decrease in ADR (-10.4% to US$161.68).
View weekly 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.