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STR: US hotel RevPAR, occupancy drop YOY

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STR: US hotel RevPAR, occupancy drop YOY

U.S.hotels posted largely negative performance for the week ended July 9, accordingto STR data.

On ayearly basis, RevPAR dropped 5.2% to $81.59 and occupancy fell 6.4% to 67.4%. ADR,meanwhile, rose 1.3% to $121.11. STR noted that the prior-year period did not includethe July 4 holiday.

Hotelsin Tampa/St. Petersburg, Fla., saw the largest increase in ADR among the top 25U.S. markets, rising 8.2% to $114.98, and Oahu Island, Hawaii, posted the largestincrease in occupancy, with the metric rising 2.0% to 91.1%. Norfolk/Virginia Beach,Va., saw the highest RevPAR increase at 9.4% to $98.39.

San Diegoposted the biggest ADR decrease, dropping 19.2% to $173.92. Minneapolis/St. Paul,Minn.-Wis., reported the largest declines in RevPAR — down 31.8% to $62.70 — andoccupancy, which dropped 23.5%, to 60.6%.