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STR: U.S. hotel results for week ending 9 June

June 18, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 3-9 June 2018, according to data from STR. http://www.tourismlegal.com.au/

In comparison with the week of 4-10 June 2017, the industry recorded the following:

  • Occupancy: -0.2% to 72.9%
  • Average daily rate (ADR): +2.5% to US$131.38
  • Revenue per available room (RevPAR): +2.3% to US$95.82

Among the Top 25 Markets, Orlando, Florida, registered the largest increases in each of the three key performance metrics: occupancy (+8.1% to 82.1%), ADR (+16.2% to US$131.28) and RevPAR (+25.7% to US$107.77).

Boston, Massachusetts, posted the second-highest lift in ADR (+9.8% to US$240.63), which drove the second-largest jump in RevPAR (+11.3% to US$208.99).

Minneapolis/St. Paul, Minnesota-Wisconsin, reported the third-largest increase in RevPAR (+10.0% to US$97.18), due primarily to the second-highest rise in occupancy (+6.1% to 78.4%).

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

Denver, Colorado, reported the largest decreases in ADR (-5.2% to US$139.72) and RevPAR (-12.0% to US$117.03).     

Seattle, Washington, experienced the steepest decline in occupancy (-8.4% to 84.1%), which resulted in the only other double-digit decrease in RevPAR (-11.7% to US$163.94).

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