The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR.
In comparison with the week of 13-19 January 2019, the industry recorded the following:
- Occupancy: +1.1% to 58.9%
- Average daily rate (ADR): +5.2% to US$130.99
- Revenue per available room (RevPAR): +6.4% to US$77.16
San Francisco/San Mateo, California, recorded the highest jump in RevPAR (+124.0% to US$439.70), driven by the largest increase in ADR (+120.3% to US$533.50). STR analysts attribute the spike in performance to the 38th Annual J.P. Morgan Healthcare Conference, which brought more than 9,000 attendees to the market.