Mixed YOY Performance for US Hotel Industry for Week Ending February 23rd – 2019

Hotel No Vacancy sign - Photo by KEEM IBARRA on Unsplash
US Hotel Occupancy Down 1.7 Percent to 64.7 Percent – Week Ending February 23rd – 2019

U.S. hotel occupancy decreased 1.7% to 64.7% during the week of 17-23 February, while ADR increased 1.7% to $129.05 and RevPAR was flat at $83.43.

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR.

In comparison with the week of 18-24 February 2018, the industry recorded the following:

  • Occupancy: -1.7% to 64.7%
  • Average daily rate (ADR): +1.7% to US$129.05
  • Revenue per available room (RevPAR): flat at US$83.43

Among the Top 25 Markets, San Francisco/San Mateo, California, registered the largest increase in RevPAR (+14.0% to US$168.54), which was driven primarily by the only double-digit lift in ADR (+11.3% to US$214.73).

Denver, Colorado, experienced the highest rise in occupancy (+5.7% to 70.5%) and the second-largest jump in RevPAR (+9.8% to US$85.46).

Atlanta, Georgia, reported the second-largest increase in ADR (+6.6% to US$113.56), which resulted in the third-highest rise in RevPAR (+3.6% to US$77.58).

Seattle, Washington, saw the steepest decline in ADR (-2.9% to US$130.10) and the second-largest drop in occupancy (-9.4% to 62.1%), which resulted in the largest decrease in RevPAR (-12.0% to US$80.80).

Norfolk/Virginia Beach, Virginia, experienced the only double-digit drop in occupancy (-10.9% to 52.2%) and the only other double-digit decline in RevPAR (-11.4% to US$42.80).

Overall, 17 of the Top 25 Markets reported decreases in RevPAR.

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.