In year-over-year measurements, the industry’s occupancy increased 0.5% to 71.7%. Average daily rate for the week was up 4.5% to US$125.23. Revenue per available room increased 5.0% to finish the week at US$89.85.
Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the only double-digit increase in occupancy (+11.4% to 81.3%) as well as the largest increase in RevPAR (+23.4% to US$102.77). ADR in Minneapolis/St. Paul was up 10.7% to US$126.36.
Three additional markets saw RevPAR increases of more than 15.0%: San Francisco/San Mateo, California (+18.5% to US$242.59); Atlanta, Georgia (+16.2% to US$80.00); and Nashville, Tennessee (+15.4% to US$121.74).
Houston, Texas, reported the largest decrease in RevPAR, down 7.7% to US$80.53.
San Francisco/San Mateo posted the largest rise in ADR, up 15.6% to US$259.55. Overall, four markets reported a double-digit increase in ADR.
Washington, D.C.-Maryland-Virginia (-3.7% to US$168.63) was the only market to report a drop in ADR.
Houston experienced the steepest decline in occupancy, down 9.0% to 70.2%.