The US hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 August 2019, according to data from STR.
According to the data, the country’s hotel occupancy rose 70.1% in August this year as compared to the period last year. Among the top 25 markets, Orlando, Florida posted the largest jump in Revenue per available room (RevPAR) with a rise of 18% to USD 72.85, due largely to the only double-digit lift in Average Daily Rate (ADR) to 10.3%. The market saw the second-largest increase in occupancy (+7.0% to 67.8%).
Houston, Texas, experienced the only double-digit rise in occupancy (+14.8% to 64.2%) and the second-largest increase in RevPAR (+17.2% to USD 62.47). Overall, 15 of the top 25 markets reported a RevPAR increase.
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