STR: US hotel results for week ending 23 March
During the week of 17-23 March, U.S. hotel occupancy rose just 0.2% to 69.6%, ADR rose 0.2% to $133.65 and RevPAR increased 0.4% to $93.02.
The U.S. hotel industry reported nearly flat year-over-year results in the three key performance metrics during the week of 17-23 March 2019, according to data from STR.
In comparison with the week of 18-24 March 2018, the industry recorded the following:
• Occupancy: +0.2% to 69.6%
• Average daily rate (ADR): +0.2% to US$133.65
• Revenue per available room (RevPAR): +0.4% to US$93.02
Among the Top 25 Markets, Anaheim/Santa Ana, California, registered the only double-digit increases in occupancy (+11.0% to 86.5%) and RevPAR (+16.0% to US$144.08).
Tampa/St. Petersburg, Florida, posted the largest lift in ADR (+6.1% to US$174.23) and the third-largest increase in RevPAR (+9.5% to US$154.33).
Orlando, Florida, saw the second-highest jump in RevPAR (+9.8% to US$143.90).
Miami/Hialeah, Florida, saw the steepest decline in RevPAR (-17.4% to US$217.79), due primarily to the only double-digit drop in ADR (-13.7% to US$254.17).
Houston, Texas, experienced the only double-digit decrease in occupancy (-10.0% to 67.1%).
Washington, D.C.-Maryland-Virginia, reported the second-largest declines in each of the three key performance metrics: occupancy (-8.5% to 73.4%), ADR (-9.1% to US$168.06) and RevPAR (-16.8% to US$123.27).
Download STR’s weekly U.S. hotel review.
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