The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 August 2018, according to data from STR.
In comparison with the week of 13-19 August 2017, the industry recorded the following:
- Occupancy: +0.3% to 72.5%
- Average daily rate (ADR): +2.2% to US$129.77
- Revenue per available room (RevPAR): +2.5% to US$94.08
Among the Top 25 Markets New Orleans, Louisiana, reported the largest increase in RevPAR (+29.0% to US$65.95), due primarily to the only double-digit rise in occupancy (+19.7% to 60.7%).
Orlando, Florida, posted the largest jump in ADR (+9.3% to US$103.37).
Philadelphia, Pennsylvania, registered the second-highest increases in each of the three key performance metrics: occupancy (+8.0% to 78.8%), ADR (+8.7% to US$130.89) and RevPAR (+17.5% to US$103.08).
Overall, 20 of the Top 25 Markets registered an increase in RevPAR.
Nashville, Tennessee, reported the steepest declines across the three key metrics: occupancy (-4.2% to 75.5%). ADR (-3.7% to US$141.60) and RevPAR (-7.8% to US$106.86).
San Francisco/San Mateo, California, experienced the second-largest drop in occupancy (-2.7% to 88.2%).
Seattle, Washington, registered the second-largest decline in RevPAR (-2.4% to US$168.38).
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.
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