HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 30 June through 6 July 2019, according to data from STR.
In comparison with the week of 1-7 July 2018, the industry recorded the following:
- Occupancy: +2.6% to 65.3%
- Average daily rate (ADR): +2.6% to US$127.31
- Revenue per available room (RevPAR): +5.2% to US$83.18
Among the Top 25 Markets, Denver, Colorado, posted the largest jump in RevPAR (+28.9% to US$103.10), driven in part by the only double-digit lift in ADR (+13.3% to US$132.09).
Two markets matched for the highest rise in occupancy: Denver (+13.9% to 78.1%) and Tampa/St. Petersburg, Florida (+13.9% to 73.1%).
Nashville, Tennessee, saw the second-largest increase in RevPAR (+21.9% to US$92.03).
Overall, 21 of the Top 25 Markets registered a RevPAR increase.
Detroit, Michigan, reported the steepest declines in each of the three key performance metrics: occupancy (-6.9% to 57.2%), ADR (-7.4% to US$88.76) and RevPAR (-13.9% to US$50.75).
Minneapolis/St. Paul, Minnesota-Wisconsin, saw the only other double-digit drop in RevPAR (-10.3% to US$56.38), due to the second-largest decreases in occupancy (-5.8% to 54.8%) and ADR (-4.8% to US$102.98).
Additional Performance Data
Are you a member of the media looking for performance data for a hotel market not included in this release? STR’s sample comprises more than 65,000 hotels and 8.8 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.
North America Media Contacts:
Nick Minerd
Senior Director, Communications
nminerd@str.com
+1 (615) 824-8664 ext. 3305
Haley Luther
Communications Coordinator
hluther@str.com
+1 (615) 824-8664 ext. 3500
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