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STR: US hotel results for week ending 13 May

May 22, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 7-13 May 2017, according to data from STRhttp://www.rembrandtbkk.com/

In comparison with the week of 8-14 May 2016, the industry reported the following:

  • Occupancy: -0.1% to 67.9%
  • Average daily rate (ADR): +2.1% to US$125.64
  • Revenue per available room (RevPAR): +2.0% to US$85.34

Opposite from last week, STR analysts note that occupancy was considerably lower on Friday and Saturday due to a comparison with a non-Mother’s Day weekend a year ago.

Among the Top 25 Markets, Orlando, Florida, posted the largest year-over-year increases across the three key performance metrics. Occupancy grew 14.1% to 76.2%, ADR was up 13.1% to US$118.89 and RevPAR rose 29.0% to US$90.66.

Four additional markets experienced a double-digit lift in RevPAR for the week: St. Louis, Missouri-Illinois (+18.7% to US$82.60); Seattle, Washington (+15.1% to US$137.83); Philadelphia, Pennsylvania-New Jersey (+14.8% to US$129.13); andDenver, Colorado (+13.9% to US$108.08).

While no markets outside of Orlando reported double-digit growth in occupancy for the week, three did record a double-digit increase in ADR: St. Louis (+12.5% to US$113.48), Seattle (+11.9% to US$168.36) and Philadelphia (+10.7% to US$160.86).

Houston, Texas, saw the week’s steepest declines in occupancy (-7.6% to 61.5%) and RevPAR (-13.1% to US$63.52).

New Orleans, Louisiana, reported the largest drop in ADR (-7.2% to US$151.53).

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