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STR: U.S. hotel results for week ending 17 February

February 24, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR. http://www.granmonte.com/

In comparison with the week of 12-18 February 2017, the industry recorded the following:

  • Occupancy: +1.2% to 62.9%
  • Average daily rate (ADR): +3.2% to US$128.75
  • Revenue per available room (RevPAR): +4.4% to US$80.99

Among the Top 25 Markets, San Diego, California, reported the largest increase in RevPAR (+26.1% to US$142.06), due primarily to the highest jump in ADR (+16.9% to US$174.51).

Orlando, Florida, experienced the only double-digit rise in occupancy (+11.7% to 85.6%), resulting in the second-largest lift in RevPAR (+23.4% to US$127.96). ADR in the market rose 10.5% to US$149.45.

Miami/Hialeah, Florida, posted the second-highest jump in ADR (+15.9% to US$289.77), resulting in the third-largest increase in RevPAR (+20.7% to US$260.02).

Overall, six of the Top 25 Markets reported double-digit increases in RevPAR.

San Francisco/San Mateo, California, reported the steepest declines in ADR (-25.5% to US$206.10) and RevPAR (-31.0% to US$164.80).

Seattle, Washington, saw the only double-digit decline in occupancy (-12.8% to 67.2%) and the second-largest drop in RevPAR (-17.5% to US$88.25).

New Orleans, Louisiana, reported the only other double-digit decrease in ADR (-11.5% to US$175.69).

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