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STR: US hotel results for week ending 1 April

April 3, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 26 March through 1 April 2017, according to data from STRhttp://www.tourismlegal.com.au/

STR analysts note that performance was lifted for the second week in a row by an Easter calendar shift (27 March 2016). In comparison with the week of 27 March through 2 April 2016, the industry reported the following in year-over-year comparisons:

  • Occupancy: +2.4% to 68.5%
  • Average daily rate (ADR): +2.9% to US$126.02
  • Revenue per available room (RevPAR): +5.3% to US$86.27

Among the Top 25 Markets, Detroit, Michigan, reported the week’s largest year-over-year increases in occupancy (+18.1% to 66.6%) and RevPAR (+31.2% to US$65.83). ADR in the market rose 11.0% to US$98.79.

Five additional markets saw RevPAR growth of more than 20.0% for the week: New Orleans, Louisiana (+26.0% to US$132.09); Seattle, Washington (+24.9% to US$110.64); NCAA Final Four host Phoenix, Arizona (+24.3% to US$162.10);Philadelphia, Pennsylvania-New Jersey (+23.2% to US$94.80); and Washington, D.C.-Maryland-Virginia (+20.5% to US$155.09).

Phoenix posted the largest jump in ADR (+23.6% to US$195.89). Overall, seven Top 25 Markets reported a double-digit lift in the metric.

After Detroit, three other aforementioned markets experienced a double-digit increase in occupancy: Seattle (+12.7% to 78.5%), Philadelphia (+11.4% to 72.6%) and New Orleans (+10.9% to 79.4%).

Houston, Texas, reported the steepest decline in RevPAR (-24.5% to US$63.61) due to the only double-digit decrease in ADR (-17.2% to US$103.20) and the second-largest drop in occupancy (-8.8% to 61.6%).

Norfolk/Virginia Beach, Virginia, saw the largest decrease in occupancy (-9.7% to 59.7%) and the only other double-digit decline in RevPAR (-18.3% to US$50.87).

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