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STR: U.S. hotel results for week ending 16 June

June 25, 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 10-16 June 2018, according to data from STR. https://www.centarahotelsresorts.com/cosihotels/?utm_source=e-global&utm_medium=banner&utm_campaign=cosi-firstlaunch&fbtrack=CUST-cosi-firstlaunch-e-global-banner

In comparison with the week of 11-17 June 2017, the industry recorded the following:

  • Occupancy: -0.3% to 74.2%
  • Average daily rate (ADR): +2.0% to US$131.72
  • Revenue per available room (RevPAR): +1.8% to US$97.70

Among the Top 25 Markets, Orlando, Florida, reported the only double-digit increase in RevPAR (+13.7% to US$109.44), due primarily to the largest lift in ADR (+9.7% to US$131.01). Occupancy in the market rose 3.7% to 83.5%.

New Orleans, Louisiana, experienced the highest rise in occupancy (+5.2% to 67.5%), but the second-largest decrease in ADR (-1.7% to US$130.99).

St. Louis, Missouri-Illinois, registered the second-largest increases in ADR (+7.4% to US$115.39) and RevPAR (+9.4% to US$89.55).

Overall, 18 of the Top 25 Markets reported an increase in RevPAR.

Boston, Massachusetts, reported the largest drop in ADR (-2.4% to US$213.28), which resulted in the steepest decline in RevPAR (-7.7% to US$172.06).

Two markets experienced the largest decrease in occupancy: Boston (-5.4% to 80.7%) andMinneapolis/St. Paul, Minnesota-Wisconsin (-5.4% to 77.1%).

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