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STR: U.S. hotel performance for Q3 2019

Downtown Phoenix, Arizona.

Among the Top 25 Markets, Phoenix, Arizona, registered the largest jump in RevPAR (+5.3% to US$60.57).

HENDERSONVILLE, TENNESSEE – The U.S. hotel industry reported mostly positive results in the three key performance metrics during Q3 2019, according to data from STR

In a year-over-year comparison with Q3 2018, the industry posted the following:

  • Occupancy: -0.1% to 70.9%
  • Average daily rate (ADR): +0.8% to US$133.25
  • Revenue per available room (RevPAR): +0.7% to US$94.42

“While RevPAR increased slightly, it was the lowest year-over-year percent change in the metric since the first quarter of 2010, and the first quarter during the current cycle to show an increase in the metric below 1.0%,” said Bobby Bowers, STR’s senior VP of operations. “While demand growth slowed to 1.8%, the industry sold more nights than any other Q3 in history. Keeping in line with that theme, third-quarter room revenue reached $46.5 billion, the highest quarterly room revenue figure in STR’s U.S. database.” 

The industry’s current cycle is now at 115 months (March 2010-present) with year-over-year RevPAR increases in 112 of those months. The three decreases during this run came in September 2018 (-0.3%), June 2019 (-0.4%) and September 2019 (-0.3%).

Among the Top 25 Markets, Phoenix, Arizona, registered the largest jump in RevPAR (+5.3% to US$60.57). 

Houston, Texas, experienced the highest rise in occupancy (+4.4% to 62.4%).

Washington, D.C.-Maryland-Virginia, posted the largest lift in ADR (+4.0% to US$148.43).

Two markets matched for the steepest decline in RevPAR: Seattle, Washington (-5.1% to US$154.70), and Miami/Hialeah, Florida (-5.1% to US$101.68). 

Seattle reported the largest drop in ADR (-4.0% to US$185.35).

Orlando, Florida, experienced the steepest decrease in occupancy (-5.0% to 69.6%). 

Tatiana Rokou

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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