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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 STR

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%).

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