The U.S. hotel industry reported positive results in two of the three key performance metrics during the week of 15-21 May 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy decreased 0.9% to 70.7%. However, average daily rate for the week was up 2.7% to US$125.76, and revenue per available room increased 1.9% to US$88.88.
Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the largest year-over-year increases in occupancy (+9.6% to 80.0%) and RevPAR (+18.0% to US$97.20). ADR in the market was up 7.7% to US$121.57.
Six additional markets saw a double-digit lift in RevPAR: St. Louis, Missouri-Illinois (+17.1% to US$85.04); Dallas, Texas (+14.9% to US$79.98); Nashville, Tennessee (+13.8% to US$121.84); Seattle, Washington (+12.6% to US$133.24); Philadelphia, Pennsylvania-New Jersey (+12.1% to US$124.01); and San Francisco/San Mateo, California (+11.6% to US$230.82).
Three markets posted a double-digit rise in ADR: Atlanta, Georgia (+13.5% to US$108.89); Nashville (+11.0% to US$143.72); and Los Angeles/Long Beach, California (+10.0% to US$169.86).
Houston, Texas, experienced the only double-digit decreases in occupancy (-10.7% to 65.0%) and RevPAR (-10.9% to US$70.52).
Norfolk/Virginia Beach, Virginia, reported the largest drop in ADR (-7.0% to US$97.32).
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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