Finance & DevelopmentFinanceSTR: U.S. Hotel Results for Week Ending September 14

STR: U.S. Hotel Results for Week Ending September 14

Hendersonville, Tenn. — The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of September 8-14, 2019, according to data from STR.

In comparison with the week of September 9-15, 2018, the industry recorded the following:

  • Occupancy: flat at 69.6 percent
  • Average daily rate (ADR): +0.8 percent to $132.59
  • Revenue per available room (RevPAR): +0.8 percent at $92.26

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, registered the largest increases in each of the three key performance metrics: occupancy (+40.6 percent to 67.3 percent), ADR (+15.9 percent to $99.69), and RevPAR (+63.0 percent to US$67.12). STR analysts note that performance levels from the comparable time period last year were lower because of Hurricane Florence.

Washington, D.C., Maryland-Virginia, saw the only other double-digit increases in occupancy (+12.2 percent to 78.0 percent) and ADR (+11.1 percent to $179.83), which resulted in the second-largest jump in RevPAR (+24.7 percent to $140.20).

Overall, 13 of the Top 25 Markets reported a jump in RevPAR.

Chicago, Illinois, posted the only double-digit decline in RevPAR (-12.0 percent to $145.75), due primarily to the largest drop in ADR (-9.7 percent to $179.85).

Atlanta, Georgia, experienced the steepest decrease in occupancy (-8.3 percent to 69.3 percent) and the second-largest decline in RevPAR (-7.4 percent to $78.90).

Orlando, Florida, saw the second-steepest drop in occupancy (-8.1 percent to 58.5 percent), which resulted in the third-largest decrease in RevPAR (-5.6 percent to $60.18).

 


Keep up with the industry.

Subscribe to LODGING

 

RELATED ARTICLES

Dreamscape Hospitality Assumes Management of Three Hotels in Houston

HOUSTON, Texas—Dreamscape Hospitality announced that it has assumed management of three hotels in Houston, Texas. "We are excited to deepen our presence in Texas through...

Hilton Announces Plans to Debut Spark by Hilton in Puerto Rico

PONCE, Puerto Rico, and MIAMI, Florida—Hilton announced the signing of Spark by Hilton Ponce, marking the upcoming debut of the brand in the Caribbean...

Wyndham Announces Partnership With Cygnett

DELHI—Wyndham Hotels & Resorts announced a new strategic alliance with Cygnett Hotels & Resorts that will not only introduce its La Quinta by Wyndham...

New Pyramid Global Hospitality COO Continues Focus on Big Data to Benefit Owners

Pyramid Global Hospitality Chief Operating Officer Eric Habermann retired in April following seven years with the company and a nearly 40-year career in hospitality....

Grand Hyatt Kauai Resort & Spa Launches Scholarship Program

Grand Hyatt Kauai Resort & Spa, a 605-room resort, announced the launch of a scholarship program to support the continued education of its colleagues...

Hilton Surpasses 500 Hotels in Florida

MCLEAN, Virginia, and MIAMI, Florida—Hilton announced a major milestone as the company surpassed 500 open hotels across Florida. This growth was fueled in part...