Martens Companies 

STR: US hotel results for week ending 9 February

U.S. hotel occupancy rose just 0.2% to 59.9% during the week of 3-9 February, while ADR increased 1.5% to $126.68 and RevPAR rose 1.7% to $75.84.

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR.

In comparison with the week of 4-10 February 2018, the industry recorded the following:

  • Occupancy: +0.2% to 59.9%
  • Average daily rate (ADR): +1.5% to US$126.68
  • Revenue per available room (RevPAR): +1.7% to US$75.84

Among the Top 25 Markets, Super Bowl LIII host, Atlanta, Georgia, reported the largest increase in RevPAR (+33.2% to US$101.45), due to the most significant jump in ADR (+31.9% to US$147.83).

Norfolk/Virginia Beach, Virginia, saw the highest lift in occupancy (+4.1% to 47.6%).

San Francisco/San Mateo, California, posted the second-largest jump in both ADR (+18.0% to US$258.58) and RevPAR (+19.5% to US$207.52).

Overall, 14 of the Top 25 Markets registered an increase in RevPAR.

In comparison with its Super Bowl host time last year, Minneapolis/St. Paul, Minnesota-Wisconsin, registered the steepest declines in ADR (-35.9% to US$109.61) and RevPAR (-40.9% to US$64.15).

Two markets showed double-digit decreases in occupancy: Philadelphia, Pennsylvania-New Jersey (-15.1% to 56.2%), and Houston, Texas (-10.1% to 62.5%).

Download STR’s weekly U.S. hotel review.

The award-winning Hospitality Management team operates four Best Western-branded hotels and five overall in Kansas and Oklahoma. The Hospitality Management team provides day-to-day and asset management to nationally branded hotel and motel properties.
Hospitality Management’s goal is to outperform industry averages for RevPAR, hotel occupancy and ROI. Hospitality Management focuses on the personal growth of our employees and maintaining the highest standards for our guest’s satisfaction. Hospitality Management strives to achieve superior operating performance that maximizes property values.

For more on how Hospitality Management can help you visit our website today!

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