The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 7-13 August 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy decreased 1.5% to 73.1%. However, average daily rate was up 2.6% to US$125.98, and revenue per available room increased 1.1% to US$92.12.
No Top 25 Market recorded a double-digit increase in any of the three metrics for the week.
Boston, Massachusetts, saw the largest year-over-year increase in RevPAR (+8.6% to US$189.54).
Anaheim/Santa Ana, California, posted the largest rise in ADR (+7.0% to US$178.94).
Norfolk/Virginia Beach, Virginia, experienced the largest increase in occupancy (+3.3% to 77.9%).
Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy in the market fell 12.9% to 59.8%; ADR was down 6.2% to US$97.97; and RevPAR dropped 18.3% to US$58.58.
No other double-digit decreases were reported in the three key performance metrics.
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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