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STR: U.S. hotel results for week ending 30 December

January 10, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 24-30 December 2017, according to data from STRhttps://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 25-31 December 2016, the industry recorded the following:

  • Occupancy: -5.4% to 51.6%
  • Average daily rate (ADR): -1.4% to US$131.56
  • Revenue per available room (RevPAR): -6.7% to US$67.90

Negative results were attributable to a comparison with the week that included New Year’s Eve in 2016.

Among the Top 25 Markets, Houston, Texas, reported the only double-digit increases in occupancy (+17.3% to 48.8%) and RevPAR (+27.9% to US$43.09). Houston also posted the largest rise in ADR (+9.0% to US$88.25). 

Orlando, Florida, posted the second-largest increase in RevPAR (+9.5% to US$147.41).

St. Louis. Missouri-Illinois, saw the largest decrease in RevPAR (-20.8% to US$33.45), due mostly to the second-worst decline in occupancy (-13.8% to 40.8%).

Chicago, Illinois, reported the largest drop in ADR (-11.5% to US$98.91), resulting in the second-largest decrease in RevPAR (-17.9% to US$43.46).

Nashville, Tennessee, experienced the steepest decline in occupancy (-14.2% to 55.0%) and a double-digit decrease in RevPAR (-16.5% to US$73.25).

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