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STR: US hotel results for week ending 1 October

October 10, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 25 September through 1 October 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy increased 1.8% to 70.0%. Average daily rate (ADR) was up 1.3% to US$126.95. Revenue per available room (RevPAR) grew 3.2% to US$88.83.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, posted the largest year-over-year increases in ADR (+45.4% to US$181.32) and RevPAR (+61.3% to US$155.34).

Six additional markets experienced a double-digit lift in RevPAR for the week: Norfolk/Virginia Beach, Virginia (+38.0% to US$53.24); Atlanta, Georgia (+28.1% to US$100.60); St. Louis, Missouri-Illinois (+26.7% to US$88.10); Nashville, Tennessee (+12.8% to US$113.27); Phoenix, Arizona (+12.7% to US$78.08); and Los Angeles/Long Beach, California (+11.4% to US$145.20).

Three of those markets joined Minneapolis/St. Paul with a double-digit rise in ADR: Atlanta (+16.2% to US$125.47), St. Louis (+12.6% to US$112.56) and Norfolk/Virginia Beach (+12.1% to US$94.14).

Norfolk/Virginia Beach saw the largest increase in occupancy for the week, up 23.1% to 56.6%. Three other markets posted a double-digit increase in the metric: St. Louis (+12.5% to 78.3%), Minneapolis/St. Paul (+10.9% to 85.7%) and Atlanta (+10.3% to 80.2%).

New York, New York, reported the steepest declines in ADR (-18.9% to US$308.89) and RevPAR (-20.3% to US$278.58). Occupancy in the market dipped 1.7% to 90.2%.

Houston, Texas, was the only other Top 25 Market to show a double-digit decrease in RevPAR (-10.9% to US$64.84).

Anaheim/Santa Ana, California, reported the largest drop in occupancy (-8.8% to 77.5%).

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