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STR: US hotel results for week ending 14 May

May 23, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 8-14 May 2016, according to data from STR.http://www.banyantree.com/en/ap-thailand-phuket-spa-sanctuary

In year-over-year comparisons, the industry’s occupancy decreased 2.9% to 68.1%. Average daily rate for the week was relatively flat (+0.2% to US$122.80). Revenue per available room fell 2.7% to US$83.64.

Among the Top 25 Markets, Nashville, Tennessee, posted the top year-over-year increases in ADR (+12.4% to US$149.13) and RevPAR (+17.3% to US$125.12). Occupancy in the market rose 4.4% to 83.9%.

Two additional markets saw a double-digit lift in RevPAR: Dallas, Texas (+13.2% to US$84.50), and Phoenix, Arizona (+12.2% to US$81.10).

Six markets reported a double-digit decrease in RevPAR: St. Louis, Missouri-Illinois (-18.5% to US$69.85); Houston, Texas (-14.7% to US$73.04); New York, New York (-14.3% to US$248.66); Chicago, Illinois (-13.7% to US$116.63); Boston, Massachusetts (-11.9% to US$167.88); and Denver, Colorado (-11.5% to US$94.96).

No market outside of Nashville posted a double-digit rise in ADR. New York (-9.9% to US$281.48) and St. Louis (-8.6% to US$101.30) reported the largest decreases in the metric.

Dallas experienced the largest increase in occupancy, up 6.9% to 78.8%. Phoenix ranked second in occupancy increases with a 6.5% rise to 68.6%.

Three markets saw a double-digit decline in occupancy: Denver (-11.0% to 74.7%), St. Louis (-10.8% to 68.9%) and Hou.3% to 66.7ston (-10%).

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