Market Report U.S.

US Hotel Occupancy Up 1.7 Percent to 59.2 Percent - Week Ending December 10th - 2016

Average daily rate up 3.9 Percent to US$120.12

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 4-10 December 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy increased 1.7% to 59.2%, and average daily rate (ADR) was up 3.9% to US$120.12. As a result, revenue per available room (RevPAR) grew 5.7% to US$71.08.

STR analysts note that the week’s performance was helped by a comparison to a 2015 week that included the first day of Hanukkah.

Among the Top 25 Markets, San Diego, California, posted the largest year-over-year increases across the three key performance metrics. Occupancy in the market rose 18.0% to 74.0%, ADR was up 21.1% to US$151.36 and RevPAR increased 42.9% to US$111.96.

Six additional markets experienced double-digit RevPAR growth for the week: Washington, D.C.-Maryland-Virginia (+17.8% to US$106.87); Norfolk/Virginia Beach, Virginia (+13.6% to US$43.93); Anaheim/Santa Ana, California (+12.4% to US$110.33); New York, New York (+11.4% to US$348.21); Atlanta, Georgia (+11.3% to US$70.53); and San Francisco/San Mateo, California (+10.6% to US$163.81).

No other market reported double-digit increases in any of the three key metrics.

New Orleans, Louisiana, reported the steepest declines across the three metrics. Occupancy fell 13.2% to 62.1%, ADR was down 15.4% to US$130.92 and RevPAR dropped 26.6% to US$81.34.

Three other markets saw a double-digit decrease in RevPAR: Orlando, Florida (-11.9% to US$76.07); Philadelphia, Pennsylvania-New Jersey (-11.8% to US$81.07); and Houston, Texas (-11.3% to US$65.88).

No additional double-digit decreases were reported in the three metrics.

View weekly U.S. hotel performance review

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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