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STR: US hotel results for week ending 10 September

September 19, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 4-10 September 2016, according to data fromSTR.http://indusatryclub.com.au/

In year-over-year comparisons, the industry’s occupancy fell 1.4% to 62.8%. However, average daily rate increased 1.8% to US$118.58, and revenue per available room was nearly flat (+0.3% to US$74.45).

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest year-over-year increases in occupancy (+6.3% to 68.5%) and RevPAR (+12.8% to US$77.59). ADR in the market rose 6.1% to US$113.26.

Two additional markets experienced double-digit RevPAR growth for the week: Los Angeles/Long Beach, California (+10.8% to US$121.41), and Oahu Island, Hawaii (+10.0% to US$189.51).

In ADR, Los Angeles/Long Beach (+8.8% to US$160.02) and Oahu Island (+8.5% to US$224.75) posted the week’s top percentage increases.

Boston, Massachusetts, reported the only double-digit decrease in occupancy (-10.1% to 72.2%) and the largest drop in RevPAR (-13.5% to US$137.98). ADR in the market fell 3.8% to US$191.12.

The largest ADR decline was reported in New York, New York (-5.9% to US$284.92).

Outside of Boston, only one other Top 25 Market reported a double-digit decline for any of the three key performance metrics. Houston, Texas, saw RevPAR drop 12.9% to US$48.20.

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