The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 28 August through 3 September 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy grew 1.6% to 64.5%. Average daily rate increased 2.4% to US$118.97. Revenue per available room rose 4.1% to US$76.76.
Among the Top 25 Markets, Seattle, Washington, posted the largest year-over-year increases in ADR (+12.8% to US$172.33) and RevPAR (+19.3% to US$144.14). Occupancy in the market rose 5.8% to 83.6%.
Six additional markets experienced a double-digit lift in RevPAR for the week: Dallas, Texas (+16.6% to US$71.33); Minneapolis/St. Paul, Minnesota-Wisconsin (+16.1% to US$91.01); Orlando, Florida (+15.4% to US$56.88); Los Angeles/Long Beach, California (+14.5% to US$129.90); New Orleans, Louisiana (+14.5% to US$68.28); and Oahu Island, Hawaii (+12.7% to US$192.66).
After Seattle, two other markets recorded a double-digit rise in ADR: Los Angeles/Long Beach (+10.9% to US$168.37) and Dallas (+10.4% to US$102.37).
New Orleans saw the only double-digit increase in occupancy (17.3% to 60.2%).
San Francisco/San Mateo, California, reported the largest decreases across the three key performance metrics. Occupancy in the market dropped 11.1% to 79.1%; ADR was down 21.6% to US$198.76; and RevPAR fell 30.4% to US$157.30.
Two other markets reported a double-digit decline in RevPAR: St. Louis, Missouri-Illinois (-15.7% to US$56.72), and Houston, Texas (-14.4% to US$54.23).
While no markets outside of San Francisco/San Mateo reported a double-digit decrease in ADR, two saw a double-digit decline in occupancy: St. Louis (-10.9% to 59.7%) and Houston (-10.9% to 56.1%).
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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