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STR: US hotel results for week ending 11 March

March 20, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 5-11 March 2017, according to data from STR.http://www.rembrandtbkk.com/

In a year-over-year comparison with the week of 6-12 March 2016:

  • Occupancy: +0.8% to 67.4%
  • Average daily rate (ADR): +3.9% to US$128.61
  • Revenue per available room (RevPAR): +4.8% to US$86.72

Among the Top 25 Markets, Detroit, Michigan, posted the only double-digit rise in occupancy (+20.8% to 76.1%) as well as the largest increases in RevPAR (+29.6% to US$77.05). ADR in the market was up 7.2% to US$101.30.

Denver, Colorado, matched for the week’s top ADR percentage increase (+7.2% to US$123.16) and recorded the second-largest spike in RevPAR (+16.1% to US$93.29).

Two additional markets experienced a double-digit climb in RevPAR for the week: Minneapolis/St. Paul, Minnesota-Wisconsin (+12.8% to US$76.29), and San Francisco/San Mateo, California (+12.3% to US$183.05).

Houston, Texas, saw the only double-digit declines in occupancy (-10.2% to 66.6%) and RevPAR (-14.8% to US$73.09). ADR in the market was down 5.1% to US$109.70.

Chicago, Illinois, was the only other Top 25 Market to show a double-digit decrease in RevPAR (-12.6% to US$74.40).

Miami/Hialeah, Florida, reported the week’s largest year-over-year drop in ADR (-5.7% to US$223.99) despite having the highest absolute value in the metric.

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