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STR: US hotel results for week ending 12 August

August 21, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 6-12 August 2017, according to data from STRhttp://www.granmonte.com/

In comparison with the week of 7-13 August 2016, the industry recorded the following:

  • Occupancy: +0.7% to 73.6%
  • Average daily rate (ADR): +1.5% to US$128.39
  • Revenue per available room (RevPAR): +2.2% to US$94.46

Among the Top 25 Markets, Phoenix, Arizona, reported the largest year-over-year increase in RevPAR (+16.7% to US$52.68).

Four of the Top 25 Markets also posted double-digit RevPAR increases for the week:Orlando, Florida (+13.2% to US$80.44); Tampa/St. Petersburg, Florida (+12.5% to US$80.39); San Diego, California (+11.0% to US$163.25); and St. Louis, Missouri-Illinois (+11.0% to US$79.49).

St. Louis saw the largest ADR increase (+8.2% to US$108.78).

Two markets registered the only double-digit occupancy growth for the week: Phoenix (+10.2% to 61.8%) and Orlando (+10.2% to 80.2%).

Two markets reported the week’s largest decline in RevPAR: Chicago, Illinois (-7.9% to US$109.42) and Minneapolis/St. Paul, Minnesota-Wisconsin (-7.9% to US$98.59).

Houston, Texas, experienced the largest drop in ADR (-4.2% to US$93.87).

Boston, Massachusetts, saw the largest decline in occupancy (-6.4% to 84.7%).

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