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

October 28, 2017 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 October 2017, according to data from STRhttp://www.centarahotelsresorts.com/b2b/?utm_source=e-global&utm_medium=banner&utm_campaign=exotic-destination&fbtrack=CUST-exotic-destination-e-global-banner

In comparison with the week of 16-22 October 2016, the industry recorded the following:

  • Occupancy: +0.9% to 72.8%
  • Average daily rate (ADR): +1.7% to US$131.58
  • Revenue per available room (RevPAR): +2.6% to US$95.82

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+23.7% to 86.6%) and RevPAR (+25.9% to US$103.34). Post-Hurricane Harvey demand continues to drive performance levels in the market.

Tampa/St. Petersburg, Florida, reported the only other double-digit increases in occupancy (+11.5% to 78.2%) and RevPAR (+19.3% to US$94.58).

New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.3% to US$176.72).

San Francisco/San Mateo, California, reported the steepest decline in RevPAR (-9.4% to US$215.49), due primarily to the week’s largest drop in ADR (-5.7% to US$243.35).

Dallas, Texas, experienced the largest decrease in occupancy (-4.7% to 74.0%). 

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