The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 5-11 November 2017, according to data from STR.
In comparison with the week of 6-12 November 2016, the industry recorded the following:
- Occupancy: +4.9% to 68.5%
- Average daily rate (ADR): +4.8% to US$128.92
- Revenue per available room (RevPAR): +10.0% to US$88.26
According to STR analysts, performance growth for the week was lifted due to a comparison with the week that included Election Day in 2016.
Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increase in RevPAR (+60.2% to US$297.04), due primarily to the largest lift in ADR (+54.7% to US$331.87).
Houston, Texas, experienced the largest increase in occupancy (+31.9% to 82.9%) and the second-highest increase in RevPAR (+45.1% to US$95.00).
Four additional markets saw RevPAR growth of more than 20.0%: Miami/Hialeah, Florida (+24.9% to US$161.21); Denver, Colorado (+23.6% to US$99.94); Orlando, Florida (+23.4% to US$103.27); and New Orleans, Louisiana (+21.9% to US$137.36).
Overall, seven of the Top 25 Markets experienced double-digit growth in occupancy, while 15 of the Top 25 Markets reported a double-digit increase in RevPAR.
Seattle, Washington, experienced the only declines in occupancy (-5.4% to 78.6%) and RevPAR (-5.7% to US$116.64).
Two Top 25 Markets reported decreases in ADR: Chicago, Illinois (-1.7% to US$165.37), and Seattle (-0.2% to US$148.47).
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.