The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 25-31 August 2019, according to data from STR.
In comparison with the week of 26 August through 1 September 2018, the industry recorded the following:
- Occupancy: -0.4% to 66.7%
- Average daily rate (ADR): +1.4% to US$127.26
- Revenue per available room (RevPAR): +1.0% at US$84.87
Among the Top 25 Markets, San Francisco/San Mateo, California, registered the largest increase in RevPAR (+35.2% to US$236.56), due primarily to the only double-digit lift in ADR (+24.2% to US$267.26).
New Orleans, Louisiana, experienced the only double-digit rise in occupancy (+12.7% to 60.4%), which resulted in the second-largest jump in RevPAR (+16.4% to US$71.20).
Overall, 17 of the Top 25 Markets reported a RevPAR increase.
Orlando, Florida, saw the steepest declines in occupancy (-21.6% to 52.4%) and RevPAR (-24.1% to US$52.84).
Miami/Hialeah, Florida, posted the largest drop in ADR (-6.6% to US$137.27) and the only other double-digit decreases in occupancy (-10.9% to 60.1%) and RevPAR (-16.8% to US$82.56).
Due to the anticipation of Hurricane Dorian, the three largest hotel markets in Florida each reported significant declines in occupancy on Friday and Saturday.
Market | 30 August 2019 | 31 August 2019 |
Orlando | -35.4% | -41.9% |
Miami/Hialeah | -23.7% | -38.6% |
Tampa/St. Petersburg | -10.5% | -14.7% |