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STR: U.S. hotel results for week ending 6 January

January 15, 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 31 December 2017 through 6 January 2018, 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 1-6 January 2017, the industry recorded the following:

  • Occupancy: +3.6% to 48.7%
  • Average daily rate (ADR): +5.8% to US$124.33
  • Revenue per available room (RevPAR): +9.6% to US$60.59

Opposite of the prior week, performance growth was boosted by a comparison with the week that did not include New Year’s Eve in 2016.

Among the Top 25 Markets, the top RevPAR increases were reported in Orlando, Florida(+36.7% to US$116.34), and New Orleans, Louisiana (+35.0% to US$110.50).

New York, New York, posted the largest lift in ADR (+23.8% to US$222.68), which pushed the third-largest jump in RevPAR (+34.0% to US$171.41).

San Diego, California, experienced the highest rise in occupancy (+19.4% to 62.9%). RevPAR in the market grew 31.4% to US$79.95.

Overall, 17 of the Top 25 Markets reported double-digit increases in RevPAR.

Tampa/St. Petersburg, Florida, reported the largest decrease in ADR (-6.1% to US$124.60) and the only decline in RevPAR (-5.5% to US$78.28).

The only two drops in occupancy were seen in Denver, Colorado (-0.9% to 49.7%), andSt. Louis, Missouri (-0.8% to 42.2%).

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