The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 4-10 June 2017, according to data from STR.
In comparison with the week of 5-11 June 2016, the industry recorded the following:
- Occupancy: -0.8% to 73.0%
- Average daily rate (ADR): +1.5% to US$128.37
- Revenue per available room (RevPAR): +0.7% to US$93.73
Among the Top 25 Markets, Orlando, Florida, saw the largest year-over-year increases in occupancy (+6.3% to 76.2%) and RevPAR (+16.4% to US$86.00). ADR in the market was up 9.6% to US$112.86.
Four additional markets experienced a double-digit lift in RevPAR for the week: Atlanta, Georgia (+14.0% to US$82.16); Seattle, Washington (+12.4% to US$183.51); Denver, Colorado (+12.4% to US$132.99); and St. Louis, Missouri-Illinois (+11.9% to US$83.07).
Seattle was the only Top 25 Market to show double-digit growth in ADR (+10.4% to US$199.93).
San Francisco/San Mateo, California, reported the steepest decline in RevPAR (-18.6% to US$196.88), due mainly to the week’s largest drop in ADR (-14.1% to US$226.02). Occupancy in the market fell 5.3% to 87.1%.
Three other markets saw a double-digit decrease in RevPAR: New Orleans, Louisiana (-16.9% to US$90.49); Houston, Texas (-16.3% to US$59.76); and Philadelphia, Pennsylvania-New Jersey (-10.0% to US$105.35).
New Orleans was the only other market with a double-digit drop in ADR (-13.7% to US$132.04).
Houston experienced the week’s greatest fall in occupancy (-9.7% to 60.9%).
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.
Logos, product and company names mentioned are the property of their respective owners.