Global Travel Media » Blog Archive » STR: U.S. hotel results for week ending 10 February

Home » Hotel Trends » Currently Reading:

STR: U.S. hotel results for week ending 10 February

February 19, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 4-10 February 2018, according to data from STRhttp://www.itcmchina.com/

In comparison with the week of 5-11 February 2017, the industry recorded the following:

  • Occupancy: -0.2% to 59.5%
  • Average daily rate (ADR): +2.8% to US$125.09
  • Revenue per available room (RevPAR): +2.6% to US$74.48

Super Bowl LII host, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest increases among Top 25 Markets in ADR (+57.9% to US$171.17) and RevPAR (+77.3% to US$108.56). The market’s rise in occupancy (+12.2% to 63.4%) ranked second for the week.

The Philadelphia Eagles’ Super Bowl win, and the subsequent celebratory parade held on 8 February, helped Philadelphia, Pennsylvania-New Jersey, experience the largest lift in occupancy (+16.7% to 66.3%) and a double-digit increase in RevPAR (+30.4% to US$86.18).

Helped by Mardi Gras celebrations, New Orleans, Louisiana, posted the second-highest jump in ADR (+27.9% to US$193.55), resulting in the second-largest increase in RevPAR (+35.7% to US$144.94).

Seattle, Washington, experienced the only double-digit drop in occupancy (-12.3% to 68.6%) and the largest decrease in RevPAR (-17.2% to US$94.81).

Affected by comparisons with its Super Bowl host week last year, Houston, Texas, reported the steepest decline in ADR (-18.6% to US$115.36) and the second-largest decrease in RevPAR (-16.0% to US$79.93).

Norfolk/Virginia Beach, Virginia, reported the second-largest decline in occupancy (-6.2% to 44.2%).

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS