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STR: US hotel results for week ending 14 January

January 28, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 8-14 January 2017, according to data from STR.http://indusatryclub.com.au/

In year-over-year comparisons, the industry’s occupancy decreased 0.9% to 56.6%. However, average daily rate (ADR) rose 2.8% to US$122.29, and revenue per available room (RevPAR) increased 1.9% to US$69.24.

Among the Top 25 Markets, Tampa/St. Petersburg, Florida, posted the largest year-over-year increases in ADR (+23.7% to US$152.13) and RevPAR (+28.2% to US$120.35). Occupancy in the market was up 3.6% to 79.1%.

Two additional markets saw a double-digit lift in RevPAR for the week: Orlando, Florida (+17.0% to US$115.22), and Norfolk/Virginia Beach, Virginia (+12.7% to US$32.63).

After Tampa/St. Petersburg, two other markets recorded a double-digit increase in ADR: San Francisco/San Mateo, California (+15.3% to US$410.55), and Orlando, Florida (+10.1% to US$140.82).

Norfolk/Virginia Beach experienced the largest year-over-year increase in occupancy (+9.5% to 42.8%).

Three markets saw a double-digit decline in RevPAR: Phoenix, Arizona (-16.9% to US$98.42); Houston, Texas (-16.9% to US$57.75); and Miami/Hialeah, Florida (-16.2% to US$159.44).

Phoenix reported the largest drop in ADR (-8.0% to US$139.62).

Houston experienced the only double-digit decline in occupancy (-11.4% to 56.4%).

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