Positive YOY Results for US Hotel Industry for Week Ending May 25th – 2019

Hotel No Vacancy sign - Photo by KEEM IBARRA on Unsplash
Positive YOY Results for US Hotel Industry for Week Ending May 25th – 2019

U.S. hotel occupancy rose 0.9% to 71.2% during the week of 19-25 May, while ADR increased 2.1% to $133.81 and RevPAR rose 3.1% to $95.22.

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 May 2019, according to data from STR.

In comparison with the week of 20-26 May 2018, the industry recorded the following:

• Occupancy: +0.9% to 71.2%
• Average daily rate (ADR): +2.1% to US$133.81
• Revenue per available room (RevPAR): +3.1% to US$95.22

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, registered the largest jump in RevPAR (+15.8% to US$130.23), driven by the only double-digit increase in ADR (+11.1% to US$162.36).

New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+13.4% to 79.1%) and the second-largest increase in RevPAR (+14.6% to US$119.64).

St. Louis, Missouri-Illinois, saw the third-largest lift in RevPAR (+12.9% to US$81.32).

Overall, 18 of the Top 25 Markets posted an increase in RevPAR.

Seattle, Washington, reported the steepest declines in each of the three key performance metrics: occupancy (-7.7% to 79.1%), ADR (-12.6% to US$164.19) and RevPAR (-19.3% to US$129.91).

Oahu Island, Hawaii, registered the second-largest decreases in ADR (-2.3% to US$224.30) and RevPAR (-5.3% to US$188.56).

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.