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STR: US hotel results for week ending 11 June

June 20, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 5-11 June 2016, according to data from STR.https://www.pata.org/portfolio/ptm-2016/

In year-over-year comparisons, the industry’s occupancy was nearly flat (+0.2% to 73.7%). Average daily rate increased 3.7% to US$126.14, and revenue per available room grew 3.9% to US$92.97.

Among the Top 25 Markets, Phoenix, Arizona, experienced the only double-digit rise in occupancy (+14.1% to 64.8%) as well as the largest increase in RevPAR (+18.7% to US$60.13). ADR in the market rose 4.1% to US$92.84.

Four additional markets saw a double-digit lift in RevPAR: Los Angeles/Long Beach, California (+12.7% to US$149.51); San Francisco/San Mateo, California (+11.8% to US$242.65); Chicago, Illinois (+11.1% to US$159.69); and Philadelphia, Pennsylvania-New Jersey (+10.9% to US$117.28).

Two markets posted a double-digit rise in ADR for the week: San Francisco/San Mateo (+12.6% to US$263.41) and Los Angeles/Long Beach (+10.2% to US$174.31).

San Diego, California, reported the steepest decline for each of the three key performance metrics. Occupancy fell 11.5% to 82.4%; ADR was down 9.2% to US$157.44; and RevPAR dropped 19.7% to US$129.72.

No other market reported a double-digit decrease for any of the three key metrics.

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