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.