The U.S. hotel industry reported performance declines during the week of 5-11 February, according to STR. Occupancy fell 4.4% to 59.6%, ADR decreased 1.6% to $121.43 and RevPAR dropped 5.9% to $72.41.
The offering of complimentary services and amenities by U.S. hotels is on the rise. From 2007 to 2015, hotel expenditures on complimentary food, beverages, in-room media, services, and gifts just within the rooms department increased at a compound annual growth rate (CAGR) of 3.6 percent. For comparison purposes, all hotel operating expenses rose at a 1.1 percent CAGR during the same time period.
Canada Hotel Performance for the Week of 12-18 February Was Negative Across Three Key Performance Metrics, with Declines in Occupancy of 3.1%, ADR of 0.4% and RevPAR of 3.4%.
For 3-5 February 2017, the Houston metro market reported occupancy of 84.2% and average daily rate (ADR) of US$278.03. In the Houston CBD submarket, occupancy averaged 99.0% during the three-day period, and ADR hit US$546.24.