The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 21-27 January 2018, according to data from STR.
In comparison with the week of 22-28 January 2017, the industry recorded the following:
- Occupancy: +0.6% to 58.2%
- Average daily rate (ADR): +3.9% to US$124.72
- Revenue per available room (RevPAR): +4.5% to US$72.55
Among the Top 25 Markets, Chicago, Illinois, reported the largest increase in RevPAR (+44.7% to US$75.39), due primarily to the largest increase in occupancy (+23.6% to 60.0%). ADR in the market rose 17.1% to US$125.56
Anaheim/Santa Ana, California, posted the highest lift in ADR (+19.9% to US$167.41), resulting in the second-largest jump in RevPAR (+34.6% to US$132.18).
Houston, Texas, experienced the second-largest increase in occupancy (+13.9% to 70.5%), and a double-digit rise in RevPAR (+12.7% to US$78.42).
Overall, 17 of the Top 25 Markets reported RevPAR growth during the week.
New Orleans, Louisiana, reported the only double-digit decrease in ADR (-18.7% to US$143.48) and the largest decline in RevPAR (-24.9% to US$92.08).
Washington, D.C.-Maryland-Virginia, posted the second-largest declines in occupancy (-10.8% to 53.6%) and RevPAR (-13.4% to US$74.47).
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.