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

July 14, 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 24-30 June 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 25 June through 1 July 2017, the industry recorded the following:

  • Occupancy: +2.1% to 75.8%
  • Average daily rate (ADR): +3.1% to US$131.36
  • Revenue per available room (RevPAR): +5.2% to US$99.59

Among the Top 25 Markets, Detroit, Michigan, reported the largest increases in each of the three key performance metrics: occupancy (+20.2% to 86.3%), ADR (+12.9% to US$114.17) and RevPAR (+35.7% to US$98.52).

Atlanta, Georgia, posted the second-largest lift in ADR (+12.1% to US$111.18), which helped push the second-highest increase in RevPAR (+21.0% to US$84.65).

Philadelphia, Pennsylvania-New Jersey, experienced the only other double-digit increase in occupancy (+10.8% to 80.9%) and the third-largest rise in RevPAR (+20.7% to US$110.58). 

Overall, 22 of the Top 25 Markets reported an increase in RevPAR.

New Orleans, Louisiana, registered the only double-digit declines in ADR (-17.0% to US$127.48) and RevPAR (-16.7% to US$89.61).

Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the steepest drop in occupancy (-3.2% to 82.1%) and the second-largest decrease in RevPAR (-3.4% to US$105.86).

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