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STR: U.S. hotel results for week ending 21 July

July 28, 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 15-21 July 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 16-22 July 2017, the industry recorded the following:

  • Occupancy: +0.4% to 78.3%
  • Average daily rate (ADR): +2.6% to US$135.18
  • Revenue per available room (RevPAR): +3.0% to US$105.83

Among the Top 25 Markets, Chicago, Illinois, reported the largest increase in RevPAR (+21.2% to US$150.09), due primarily to the only double-digit lift in ADR (+13.9% to US$169.84). Occupancy in the market rose 6.4% to 88.4%.

Detroit, Michigan, experienced the highest rise in occupancy (+8.9% to 83.3%) and the second-largest increases in ADR (+9.2% to US$111.67) and RevPAR (+19.0% to US$93.04).

New Orleans, Louisiana, saw the third-highest increase in RevPAR (+9.4% to US$94.95).

Overall, 21 of the Top 25 Markets registered an increase in RevPAR.

Boston, Massachusetts, posted the largest decreases in ADR (-3.7% to US$214.25) and RevPAR (-5.4% to US$190.37).

Seattle, Washington, experienced the steepest drop in occupancy (-3.6% to 89.3%) and the second-largest declines in ADR (-1.1% to US$204.64) and RevPAR (-4.6% to US$182.80).

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