The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 4-10 March 2018, according to data from STR.
In comparison with the week of 5-11 March 2017, the industry recorded the following:
- Occupancy: +1.1 at 68.1%
- Average daily rate (ADR): +2.0% to US$131.46
- Revenue per available room (RevPAR): +3.1% to US$89.53
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in RevPAR (+45.2% to US$174.53), due primarily to the largest lift in ADR (+33.2% to US$207.06).
Philadelphia, Pennsylvania-New Jersey, experienced the highest increase in occupancy (+19.8% to 79.3%) and the second-largest rise in RevPAR (+30.0% to US$106.08).
Houston, Texas, posted the second-largest jump in ADR (+10.5% to US$120.36).
Overall, 19 of the Top 25 Markets reported increases in RevPAR.
San Francisco/San Mateo, California, reported the only double-digit decline in RevPAR (-10.4% to US$164.11) with the largest drop in ADR (-5.4% to US$210.43). The market saw the second-largest decrease in occupancy (-5.3% to 78.0%).
Detroit, Michigan, experienced the only double-digit dip in occupancy (-10.7% to 67.2%), resulting in the second-largest decrease in RevPAR (-9.7% to US$68.67).
Boston, Massachusetts, reported the second-largest decline in ADR (-4.1% to US$165.26).
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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