The U.S. hotel industry reported positive results in the three key performance metrics during the week of 21-27 May 2017, according to data from STR.
In comparison with the week of 22-28 May 2016, the industry recorded the following:
- Occupancy: +0.5% to 70.3%
- Average daily rate (ADR): +2.5% to US$127.47
- Revenue per available room (RevPAR): +3.1% to US$89.67
Among the Top 25 Markets, Boston, Massachusetts, showed the largest year-over-year increase in RevPAR (+19.1% to US$208.53), driven largely by the week’s greatest rise in ADR (+12.1% to US$234.62). Occupancy in the market rose 6.2% to 88.9%.
Three additional markets saw a double-digit lift in RevPAR for the week: Nashville, Tennessee (+16.3% to US$122.90); Phoenix, Arizona (+14.0% to US$76.81); and Atlanta, Georgia (+10.5% to US$82.69).
Nashville was the second of two markets to post a double-digit increase in ADR (+10.6% to US$148.74).
Phoenix saw the largest increase in occupancy (+8.1% to 69.4%).
San Francisco/San Mateo, California, reported the steepest declines in ADR (-8.3% to US$213.32) and RevPAR (-13.0% to US$185.41). Occupancy in the market fell 5.1% to 86.9%.
Two additional markets saw a 5.1% decrease in occupancy for the week: Oahu Island, Hawaii (-5.1% to 83.7%), and Tampa/St. Petersburg, Florida (-5.1% to 73.6%).
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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