The U.S. hotel industry reported occupancy increased 0.3% to 70.6% during the week of 20-26 May, while ADR rose 2.4% to $130.46 and RevPAR increased 2.7% to $92.07.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 20-26 May 2018, according to data from STR.
In comparison with the week of 21-27 May 2017, the industry recorded the following:
- Occupancy: +0.3% to 70.6%
- Average daily rate (ADR): +2.4% to US$130.46
- Revenue per available room (RevPAR): +2.7% to US$92.07
Among the Top 25 Markets, Tampa/St. Petersburg, Florida, reported the highest jump in RevPAR (+17.2% to US$106.51), due primarily to a double-digit increase in ADR (+11.7% to US$137.95).
Seattle, Washington, posted the largest lift in ADR (+14.1% to US$188.07) and the only other double-digit increase in RevPAR (+16.3% to US$161.58).
Norfolk/Virginia Beach, Virginia, experienced the largest rise in occupancy (+9.2% to 71.1%).
Overall, 16 of the Top 25 Markets reported growth in RevPAR.
Orlando, Florida, reported the steepest declines in ADR (-2.0% to US$117.39) and RevPAR (-8.4% to US$85.92).
New Orleans, Louisiana, experienced the largest drop in occupancy (-6.9% to 69.8%) and the second-largest decrease in RevPAR (-7.2% to US$103.77).
View weekly U.S. hotel performance review
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.