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STR: U.S. hotel results for week ending 26 May

June 9, 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 20-26 May 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 21-27 May 2017, the industry recorded the following:

  • Occupancy: +0.3% to 70.6%
  • Average daily rate (ADR): +2.4% to US$130.46
  • Revenue per available room (RevPAR): +2.7% to US$92.07

Among the Top 25 Markets, Tampa/St. Petersburg, Florida, reported the highest jump in RevPAR (+17.2% to US$106.51), due primarily to a double-digit increase in ADR (+11.7% to US$137.95).

Seattle, Washington, posted the largest lift in ADR (+14.1% to US$188.07) and the only other double-digit increase in RevPAR (+16.3% to US$161.58).

Norfolk/Virginia Beach, Virginia, experienced the largest rise in occupancy (+9.2% to 71.1%). 

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

Orlando, Florida, reported the steepest declines in ADR (-2.0% to US$117.39) and RevPAR (-8.4% to US$85.92).

New Orleans, Louisiana, experienced the largest drop in occupancy (-6.9% to 69.8%) and the second-largest decrease in RevPAR (-7.2% to US$103.77).

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