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STR: U.S. hotel results for week ending 22 September

October 2, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 16-22 September 2018, according to data from STR. http://www.itb-asia.com/press/media-services/accreditation/

In comparison with the week of 17-23 September 2017, the industry recorded the following:

  • Occupancy: -2.3% to 69.9%
  • Average daily rate (ADR): flat at US$128.33
  • Revenue per available room (RevPAR): -2.3% to US$89.67

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in occupancy (+6.7% to 77.9%) and RevPAR (+12.6% to US$107.75).

San Diego, California, posted the largest lift in ADR (+7.8% to US$167.08).

Phoenix, Arizona, saw the second-largest increase in occupancy (+6.4% to 66.0%) and the only other double-digit jump in RevPAR (+11.6% to US$74.48).

Houston, Texas, experienced the steepest declines in occupancy (-30.6% to 60.8%) and RevPAR (-36.6% to US$63.67). The market posted the second-largest drop in ADR (-8.7% to US$104.71). Houston’s hotel performance was lifted in the weeks and months that followed Hurricane Harvey in 2017 as properties filled with displaced residents, relief workers, insurance adjustors, media members, etc.

New York, New York, registered the only double-digit decline in ADR (-15.8% to US$302.24).  

Orlando, Florida, reported the second-largest decrease in occupancy (-19.0% to 61.5%), resulting in the second-largest drop in RevPAR (-22.4% to US$64.27).

Several major markets in Florida showed steep declines in year-over-year comparisons with the post-Hurricane Irma period in 2017.

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