Home » Hotel Trends » Currently Reading:

STR: US hotel results for week ending 17 June

June 24, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 11-17 June 2017, according to data from STRhttp://join.travelmanagers.com.au/

In comparison with the week of 12-18 June 2016, the industry recorded the following:

  • Occupancy: -0.3% to 74.3%
  • Average daily rate (ADR): +1.7% to US$129.32
  • Revenue per available room (RevPAR): +1.4% to US$96.10

Among the Top 25 Markets, Orlando, Florida, posted the largest year-over-year increases across the three key performance indicators. Occupancy rose 9.0% to 80.6%, ADR was up 12.8% to US$119.47 and RevPAR grew 23.0% to US$96.25.

Four additional markets saw double-digit growth in RevPAR for the week: Atlanta, Georgia (+14.3% to US$86.05); Norfolk/Virginia Beach, Virginia (+12.7% to US$94.62); San Diego, California (+12.0% to US$145.76); and Detroit, Michigan(+10.2% to US$79.63).

San Francisco/San Mateo, California, experienced the largest drop in RevPAR (-15.5% to US$207.74), due primarily to the week’s only double-digit decline in ADR (-12.0% to US$231.93).

New Orleans, Louisiana, reported the largest decrease in occupancy (-8.4% to US$63.9%).

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS