Positive YOY Results For U.S. Hotel Industry For Week Ending July 6th – 2019
July 12, 2019The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 30 June through 6 July 2019, according to data from STR.
In comparison with the week of 1-7 July 2018, the industry recorded the following:
• Occupancy: +2.6% to 65.3%
• Average daily rate (ADR): +2.6% to US$127.31
• Revenue per available room (RevPAR): +5.2% to US$83.18
Among the Top 25 Markets, Denver, Colorado, posted the largest jump in RevPAR (+28.9% to US$103.10), driven in part by the only double-digit lift in ADR (+13.3% to US$132.09).
Two markets matched for the highest rise in occupancy: Denver (+13.9% to 78.1%) and Tampa/St. Petersburg, Florida (+13.9% to 73.1%).