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STR: US hotel results for week ending 11 January

Tag：Occupancy 2020-01-17 14:23

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 5-11 January 2020, according to data from STR.

In comparison with the week of 6-12 January 2019, the industry recorded the following:

　　• Occupancy: -3.1% to 51.7%
　　• Average daily rate (ADR): -4.7% to US$120.43
　　• Revenue per available room (RevPAR): -7.7% to US$62.30

San Francisco/San Mateo, California, posted the steepest decline in RevPAR (-69.4% to US$124.53), due primarily to the largest drop in ADR (-62.3% to US$196.04). The market recorded the second-largest decrease in occupancy (-18.9% to 63.5%). STR analysts note that the calendar shift of the 38th Annual J.P. Morgan Healthcare Conference significantly affected San Francisco’s performance comparisons for the week.

STR: US hotel results for week ending 11 January

Atlanta, Georgia, experienced the steepest drop in occupancy (-19.0% to 55.6%) and the second-largest declines in ADR (-19.2% to US$103.77) and RevPAR (-34.5% to US$57.74).

Nashville, Tennessee, saw the only other double-digit drop in RevPAR (-12.3% to US$67.39).

Overall, 18 of the Top 25 Markets reported a RevPAR decrease.

Oahu Island, Hawaii, registered the only double-digit rise in occupancy (+10.1% to 86.3%).

New Orleans, Louisiana, posted the largest lift in ADR (+8.8% to US$146.39).

Dallas, Texas, recorded the highest jump in RevPAR (+15.3% to US$74.14).

Additional Performance Data

STR’s world-leading hotel performance sample comprises 67,000 properties and 9.0 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

North America Media Contacts:

Nick Minerd
Senior Director, Communications
nminerd@str.com
+1 (615) 824-8664 ext. 3305

Haley Luther
Communications Coordinator
hluther@str.com
+1 (615) 824-8664 ext. 3500

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

Source:website-hotelnewsnow

Author: HNN Newswire

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