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.
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