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STR: US hotel results for week ending 13 August

August 20, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 7-13 August 2016, according to data from STR.http://indusatryclub.com.au/

In year-over-year comparisons, the industry’s occupancy decreased 1.5% to 73.1%. However, average daily rate was up 2.6% to US$125.98, and revenue per available room increased 1.1% to US$92.12.

No Top 25 Market recorded a double-digit increase in any of the three metrics for the week.

Boston, Massachusetts, saw the largest year-over-year increase in RevPAR (+8.6% to US$189.54).

Anaheim/Santa Ana, California, posted the largest rise in ADR (+7.0% to US$178.94).

Norfolk/Virginia Beach, Virginia, experienced the largest increase in occupancy (+3.3% to 77.9%).

Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy in the market fell 12.9% to 59.8%; ADR was down 6.2% to US$97.97; and RevPAR dropped 18.3% to US$58.58.

No other double-digit decreases were reported in the three key performance metrics.

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