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STR: U.S. hotel results for week ending 3 March

March 12, 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 25 February through 3 March 2018, according to data from STR. http://www.tourismlegal.com.au/

In comparison with the week of 26 February through 4 March 2017, the industry recorded the following:

  • Occupancy: +1.7% to 65.9%
  • Average daily rate (ADR): +2.3% to US$126.06
  • Revenue per available room (RevPAR): +4.1% to US$83.04

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in occupancy (+14.9% to 71.4%) and RevPAR (+22.6% to US$90.66).

Miami/Hialeah, Florida, posted the only double-digit lift in ADR (+12.2% to US$252.25), resulting in the second-largest rise in RevPAR (+18.4% to US$218.81).

Houston, Texas, experienced the only other double-digit increase in occupancy (+11.8% to 75.0%) and the third-largest jump in RevPAR (+15.8% to US$85.21).

Overall, 19 of the Top 25 Markets reported increases in RevPAR.

New Orleans, Louisiana, reported the largest decreases in all three key performance metrics: occupancy (-8.0% to 73.1%), ADR (-17.6% to US$149.91) and RevPAR (-24.1% to US$109.54).

San Francisco/San Mateo, California, reported the second-largest decreases in all three key performance metrics: occupancy (-5.9% to 78.1%), ADR (-14.3% to US$214.63) and RevPAR (-19.3% to US$167.69).

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