The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 17-23 April 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy fell 1.9% to 68.4%. Average daily rate for the week was up 1.8% to US$122.47. Revenue per available room was virtually flat (-0.1% to US$83.76).
Five Top 25 Markets reported a double-digit increase in RevPAR: New Orleans, Louisiana (+20.0% to US$159.05); Norfolk/Virginia Beach, Virginia (+17.5% to US$65.63); Dallas, Texas (+16.9% to US$90.20); Los Angeles/Long Beach, California (+14.1% to US$136.90); and Oahu Island, Hawaii (+10.5% to US$174.10).
Five markets experienced a double-digit decrease in RevPAR: Philadelphia, Pennsylvania-New Jersey (-25.5% to US$94.98); San Francisco/San Mateo, California (-21.3% to US$179.08); St. Louis, Missouri-Illinois (-20.8% to US$69.18); Houston, Texas (-20.7% to US$67.21); and Washington, D.C.-Maryland-Virginia (-12.1% to US$136.27).
Los Angeles/Long Beach posted the largest rise in ADR, up 11.0% to US$170.46. New Orleans (+10.0% to US$190.67) was the only other market to report a double-digit lift in the metric.
Two markets reported a double-digit decrease in ADR: San Francisco/San Mateo (-15.9% to US$211.26) and Philadelphia (-12.6% to US$130.71).
The largest increases in occupancy were experienced in Dallas (+9.9% to 82.6%) and New Orleans (+9.1% to 83.4%).
Three markets saw a double-digit decline in occupancy: Houston (-15.8% to 63.0%), St. Louis (-15.3% to 68.2%) and Philadelphia (-14.8% to 72.7%).
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