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STR: U.S. hotel results for week ending 2 June

June 16, 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 27 May through 2 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 28 May through 3 June 2017, the industry recorded the following:

  • Occupancy: +0.1% to 64.1%
  • Average daily rate (ADR): +2.1% to US$122.58
  • Revenue per available room (RevPAR): +2.3% to US$78.61

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in each of the three key performance metrics: occupancy (+12.4% to 73.7%), ADR (+12.1% to US$144.96) and RevPAR (+26.0% to US$106.85).

Houston, Texas, experienced the second-largest rises in occupancy (+11.5% to 61.2%) and ADR (+9.9% to US$97.89), which resulted in the second-highest jump in RevPAR (+22.6% to US$59.90).

Minneapolis/St. Paul, Minnesota-Wisconsin, registered the third-largest increase in RevPAR (+15.6% to US$71.14), due primarily to the only other double-digit lift in occupancy (+10.2% to 63.9%).

Overall, 16 of the Top 25 Markets reported an increase in RevPAR.

Denver, Colorado, reported the only double-digit decrease in RevPAR (-11.2% to US$88.02), due in part to the largest decline in ADR (-3.8% to US$122.81).  

Tampa/St. Petersburg, Florida, experienced the steepest decline in occupancy (-8.0% to 59.4%) and the second-largest decrease in RevPAR (-6.7% to US$70.00).

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