The U.S. hotel industry reported positive results in the three key performance metrics during the week of 6-12 November 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy rose 1.6% to 65.3%. Average daily rate (ADR) increased 3.3% to US$122.70. Revenue per available room (RevPAR) grew 5.0% to US$80.16.
Seven Top 25 Markets reported a double-digit RevPAR increase, three of which posted an increase of more than 15.0% in the metric: Seattle, Washington (+18.3% to US$123.56); Nashville, Tennessee (+16.7% to US$114.91); and Norfolk/Virginia Beach, Virginia (+15.7% to US$47.71).
Three markets recorded a double-digit rise in ADR for the week: New Orleans, Louisiana (+10.9% to US$163.90); Nashville (+10.6% to US$145.87); and Chicago, Illinois (+10.4% to US$168.40).
Two markets saw a double-digit lift in occupancy: Norfolk/Virginia Beach (+11.5% to 56.5%) and Seattle (+10.1% to 83.1%).
Houston, Texas, reported the steepest declines in occupancy (-12.8% to 63.0%) and RevPAR (-19.0% to US$66.04).
Four additional markets experienced a double-digit decrease in RevPAR: Miami/Hialeah, Florida (-14.6% to US$129.35); Denver, Colorado (-13.4% to US$81.02); San Francisco/San Mateo, California (-13.2% to US$185.35); and Oahu Island, Hawaii (-10.2% to US$180.43).
San Francisco/San Mateo was the only Top 25 Market to report a double-digit drop in ADR (-10.2% to US$214.29).
After Houston, only one other market saw a double-digit decline in occupancy: Denver (-10.0% to 67.1%).