OCCUPANCY, ADR AND RevPAR for U.S. hotels continued to drop in the first week of October compared to the same time last year, according to STR. The holiday of Rosh Hashanah occurred during the time period this year as opposed to 2018, contributing to the decline.
Occupancy dropped 3.9 percent to 68.1 percent, ADR went down 3.8 percent to $129.21 and consequently RevPAR dipped 7.5 percent to $88 between Sept. 29 and Oct. 5. This follows a 0.4 percent fall in occupancy to 71.2 percent the previous week, which also saw ADR decrease 0.5 percent to $136.63 and RevPAR go down 0.8 percent to $97.26
Atlanta registered the largest jump in RevPAR for STR’s top 25 markets, rising 8.5 percent to $87.58, driven by the largest lift in ADR, up 7.6 percent to $122.49. Houston had the highest rise in occupancy, up 1.6 percent to 63.5 percent. But 22 of the top 25 markets saw RevPAR decline.
Chicago saw the steepest declines in ADR, dropping 14.8 percent to $152.35, and RevPAR, which declined 23.1 percent to $108.28. Boston reported the second-steepest decline in RevPAR, a fall of 22.3 percent to $168.38, that primarily resulted from the largest decrease in occupancy, which dropped 13.9 percent to 78.5 percent. It was followed by Miami/Hialeah, Florida, with the second-largest drop in occupancy, down 11.3 percent to 61.2 percent, and the third-largest decrease in RevPAR, dropping 20.8 percent to $88.92.