Market Report U.S.

US Hotel Occupancy Down 1.8 Percent to 67.5 Percent Week Ending April 16th - 2016

Average daily rate up 1.6 Percent to US$123.22

The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 10-16 April 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy fell 1.8% to 67.5%. Average daily rate for the week was up 1.6% to US$123.22. Revenue per available room remained nearly flat (-0.2% to US$83.16).

Four of the Top 25 Markets recorded a double-digit increase in RevPAR: Detroit, Michigan (+19.5% to US$69.67); Los Angeles/Long Beach, California (+17.6% to US$152.63); Norfolk/Virginia Beach, Virginia (+15.9% to US$54.86); and Phoenix, Arizona (+12.3% to US$105.60).

Two markets posted a double-digit rise in ADR: Los Angeles/Long Beach (+13.6% to US$179.54) and Detroit (+10.1% to US$100.80).

Detroit experienced the largest lift in occupancy, up 8.6% to 69.1%.

Chicago, Illinois, reported the largest decreases in each of the three key performance metrics. Occupancy in the market fell 11.1% to 72.2%; ADR was down 12.4% to US$140.12; and RevPAR dropped 22.1% to US$101.16.

Two additional markets saw a double-digit decline in RevPAR: Miami/Hialeah, Florida (-12.4% to US$158.26), and Houston, Texas (-10.2% to US$71.85).

After Chicago, Houston (-10.7% to 65.1%) was the only other market to report a double-digit decrease in occupancy.

View weekly U.S. hotel performance review

About STR

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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