The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 13-19 August 2017, according to data from STR.
In comparison with the week of 14-20 August 2016, the industry recorded the following:
- Occupancy: +1.4% to 72.3%
- Average daily rate (ADR): +2.1% to US$127.12
- Revenue per available room (RevPAR): +3.5% to US$91.85
Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest year-over-year increases in occupancy (+8.4% to 69.2%) and RevPAR (+18.3% to US$73.84). ADR in the market rose 9.1% to US$106.66.
Nashville, Tennessee, posted the only other double-digit increase in RevPAR (+11.3% to US$115.76), due to the only double-digit rise in ADR (+11.2% to US$147.81) in the Top 25.
Philadelphia, Pennsylvania-New Jersey, experienced the largest drop in each of the three key performance metrics: occupancy (-6.2% to 73.2%), ADR (-5.2% to US$120.50) and RevPAR (-11.1% to US$88.19).
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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