Mixed YOY Results for US Hotel Industry for Week Ending June 22nd – 2019

Hotel signage mounted on white building - Photo by NeONBRAND on Unsplash
Mixed YOY Results for US Hotel Industry for Week Ending June 22nd – 2019

U.S. hotel occupancy fell 0.6% to 75.5% during the week of 16-22 June, but a 0.8% ADR increase to $134.83 kept RevPAR slightly up 0.2% to $101.80.

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 16-22 June 2019, according to data from STR.

In comparison with the week of 17-23 June 2018, the industry recorded the following:

• Occupancy: -0.6% to 75.5%
• Average daily rate (ADR): +0.8% to US$134.83
• Revenue per available room (RevPAR): +0.2% to US$101.80

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota, registered the largest increase in RevPAR (+13.5% to US$123.21), due primarily to the largest lift in ADR (+8.2% to US$141.35). The market saw the second-highest rise in occupancy (+4.9% to 87.2%).

Phoenix, Arizona, experienced the largest jump in occupancy (+6.0% to 67.9%) and the only other double-digit increase in RevPAR (+12.3% to US$66.71).

St. Louis, Missouri-Illinois, reported the third-highest lift in RevPAR (+9.1% to US$93.27).

Overall, 12 of the Top 25 Markets registered a RevPAR increase.

Detroit, Michigan, saw the steepest declines in occupancy (-5.8% to 73.6%) and RevPAR (-7.8% to US$77.70).

Houston, Texas, registered the largest drop in ADR (-5.5% to US$100.28).

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.