In year-over-year comparisons, the industry’s occupancy decreased 1.4% to 77.5%. However, average daily rate was up 3.4% to US$128.12, and revenue per available room increased 1.9% to US$99.33.
Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, experienced the largest year-over-year increases in occupancy (+7.2% to 83.6%) and RevPAR (+16.6% to US$112.91). ADR in the market was up 8.8% to US$135.04.
Three additional markets saw double-digit growth in RevPAR for the week: Atlanta, Georgia (+13.5% to US$103.80); Dallas, Texas (+10.8% to US$83.25); and Denver, Colorado (+10.3% to US$134.10).
Two markets posted a double-digit rise in ADR: Atlanta (+11.0% to US$119.61) and Denver (+10.1% to US$145.89).
Houston, Texas, reported the largest decreases across the three key performance metrics. Occupancy in the market dropped 14.9% to 63.3%; ADR was down 6.4% to US$99.30; and RevPAR fell 20.4% to US$62.88.
Two additional markets saw double-digit declines in occupancy and RevPAR.
In Detroit, Michigan, occupancy was down 10.3% to 76.2%, and RevPAR dropped 15.5% to US$74.21.
Occupancy in New Orleans, Louisiana, fell 10.1% to 66.8%. RevPAR in the market decreased 15.3% to US$78.17.