The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 22-28 April 2018, according to data from STR.
In comparison with the week of 23-29 April 2017, the industry recorded the following:
• Occupancy: -0.6% to 69.8%
• Average daily rate (ADR): +2.3% to US$130.40
• Revenue per available room (RevPAR): +1.7% to US$91.05
Among the Top 25 Markets, Detroit, Michigan, registered the only double-digit jump in RevPAR (+17.8% to US$89.18), which came as a result of the largest increases in occupancy (+9.1% to 79.3%) and ADR (+8.0% to US$112.47).
Houston, Texas, reported the second-largest increase in RevPAR (+8.5% to US$80.16).
Miami/Hialeah, Florida, experienced the second-highest rise in occupancy (+2.9% to 83.6%).
Overall, 18 of the Top 25 Markets reported growth in RevPAR.
St. Louis, Missouri-Illinois, saw the steepest declines in occupancy (-15.1% to 66.2%) and RevPAR (-22.5% to US$70.20).
Philadelphia, Pennsylvania-New Jersey, reported the only double-digit drop in ADR (-10.8% to US$143.76) and the second-largest decrease in RevPAR (-15.2% to US$111.85).
Orlando, Florida, experienced the second-largest decline in occupancy (-6.4% to 76.0%).
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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