Global Travel Media » Blog Archive STR: U.S. hotel results for week ending 20 April | Global Travel Media

Home » Hotel Trends » Currently Reading:

[sam id="86" codes="true"]

STR: U.S. hotel results for week ending 20 April

April 29, 2019 Hotel Trends No Comments

The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 14-20 April 2019, according to data from STR. 

In comparison with the week of 15-21 April 2018, the industry recorded the following:http://www.stevecafeandcuisine.com/

  • Occupancy: -6.2% to 65.7%
  • Average daily rate (ADR): -1.9% to US$128.79
  • Revenue per available room (RevPAR): -8.0% to US$84.63

STR analysts attribute steep performance declines in many major markets to Easter weekend and significantly less group business in comparison with a non-holiday time period in 2018.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, registered the largest jump in RevPAR (+24.9% to US$78.39), due to the highest rise in occupancy (+9.9% to 73.9%) and the second-largest increase in ADR (+13.6% to US$106.02).

Miami/Hialeah, Florida, posted the largest lift in ADR (+14.0% to US$237.45) and the only other double-digit increase in RevPAR (+12.3% to US$196.95).

San Francisco/San Mateo, California, saw the steepest drop in RevPAR (-30.6% to US$181.77), due to the largest decline in ADR (-27.1% to US$217.72).

Detroit, Michigan, experienced the largest decrease in occupancy (-21.7% to 59.1%).

Washington, D.C.-Maryland-Virginia, reported the second-steepest declines in ADR (-19.4% to US$155.29) and RevPAR (-30.1% to US$115.02).

Comment on this Article:







ADVERTISEMENTS

Huawei Tower 1 300x600px

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

TravelManagers Tower 2 300x600px

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS



%d bloggers like this:
%d bloggers like this:
sitemap