The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 8-14 April 2018, according to data from STR.
In comparison with the week of 9-15 April 2017, the industry recorded the following:
- Occupancy: +6.1% to 68.1%
- Average daily rate (ADR): +5.8% to US$130.57
- Revenue per available room (RevPAR): +12.2% to US$88.95
STR analysts note performance growth was boosted by a favorable comparison with the week of Easter in 2017.
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increases in all three key performance metrics: occupancy (+26.1% to 85.0%), ADR (+36.8% to US$180.63) and RevPAR (+72.6% to US$153.48).
Chicago, Illinois, posted the second-largest increases in ADR (+23.8% to US$149.12) and RevPAR (+47.3% to US$110.22).
Denver, Colorado, experienced the second-highest rise in occupancy (+23.4% to 74.1%), resulting in the third-largest lift in RevPAR (+42.6% to US$96.04).
Overall, 15 of the Top 25 Markets reported double-digit growth in RevPAR.
Norfolk/Virginia Beach, Virginia, saw the steepest declines in occupancy (-14.2% to 64.6%) and RevPAR (-21.2% to US$60.77). ADR in the market fell 8.1% to US$94.02.
Miami/Hialeah, Florida, reported the largest drop in ADR (-9.5% to US$211.89).
Orlando, Florida, experienced the only other double-digit decrease in occupancy (-12.3% to 79.2%).
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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