U.S. HOTEL PERFORMANCE was a bit steadier during the first week of February following the ending of the government shutdown, according to STR. Slight increases were seen in occupancy, RevPAR and ADR, particularly for Super Bowl LIII host Atlanta, Georgia.
Between Jan. 27 and Feb. 2, occupancy rose 0.1 percent to 56.7 percent, ADR rose 2.3 percent to $124.95 and RevPAR went up 2.4 percent to $70.83, according to data from STR.
“STR analysts note that results were more stabilized than in recent weeks as the government shutdown ended,” STR said in its release.
Atlanta reported a 72.6 percent bump in ADR to $204.75 and an 80 percent increase in RevPAR to $141.64 on the heels of a 4.3 percent occupancy rise to 69.2 percent. The Friday and Saturday of Super Bowl weekend saw the highest occupancy rates.
Meanwhile, last year’s host city, Minneapolis/St. Paul, Minnesota-Wisconsin, this year saw steep declines in performance over the game weekend. Occupancy in the city dropped 31.6 percent to 49.6 percent, ADR went down 56.8 percent to $104.95 and RevPAR dropped 70.4 percent to $52.07.
Denver, Colorado, experienced the only double-digit rise in occupancy, up 17.6 percent to 65.9 percent, as well as the second-largest increase in ADR, increasing 15.2 percent to $132.79, along with a 35.4 percent increase in RevPAR to $87.55.
San Diego, California, posted the only other double-digit lift in ADR, up 13.5 percent to $165.45 and the third-largest jump in RevPAR, up 20.9 percent to $123.90.
Chicago, Illinois, saw the second-largest decreases in occupancy, down 9.1 percent to 45.5 percent, and RevPAR, down 13.9 percent to $46.61. Seattle, Washington, also saw declines, dropping 7.1 percent in ADR to $142.11 and 13.5 percent RevPAR to $90.86.
Last month, STR forecast flat to slowing growth for 2019 and a 40 percent chance of recession for 2020.