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STR: US hotel results for week ending 11 June

June 20, 2016 Hotel Trends No Comments Email Email
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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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