The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 8-14 July 2018, according to data from STR.
In comparison with the week of 9-15 July 2017, the industry recorded the following:
- Occupancy: -1.6% to 76.1%
- Average daily rate (ADR): +1.2% to US$132.14
- Revenue per available room (RevPAR): -0.4% to US$100.56
Among the Top 25 Markets, Houston, Texas, registered the only double-digit increase in RevPAR (+18.8% to US$71.85), due primarily the only double-digit lift in ADR (+12.1% to US$106.35).
New Orleans, Louisiana, experienced the largest rise in occupancy (+7.1% to 72.7%), which resulted in the second-highest jump in RevPAR (+8.6% to US$95.48).
Chicago, Illinois, posted the second-largest lift in ADR (+6.2% to US$155.18).
Washington, D.C.-Maryland-Virginia, reported the only double-digit declines in ADR (-11.0% to US$144.74) and RevPAR (-17.8% to US$116.81).
Miami/Hialeah, Florida, experienced the steepest drop in occupancy (-9.9% to 75.2%) and the second-largest decline in RevPAR (-7.4% to US$122.46).
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.
Logos, product and company names mentioned are the property of their respective owners.