In year-over-year measurements, the industry’s occupancy increased 1.8% to 71.8%. Average daily rate for the week was up 3.6% to US$123.77. Revenue per available room increased 5.5% to finish the week at US$88.91.
Among the Top 25 Markets, Dallas, Texas, reported the largest increases in each of the three key performance metrics. Occupancy in the market rose 13.5% to 81.2%; ADR was up 14.6% to US$111.00; and RevPAR increased 30.0% to US$90.12.
Minneapolis/St. Paul, Minnesota-Wisconsin, also experienced double-digit growth across the three measurements. Occupancy in the market increased 12.8% to 80.5%; ADR was up 11.0% to US$124.04; and RevPAR rose 25.2% to US$99.88.
After Dallas and Minneapolis/St. Paul, three other markets reported double-digit increases in RevPAR: Tampa/St. Petersburg, Florida (+11.5% to US$77.25); Nashville, Tennessee (+11.1% to US$121.76); and Anaheim/Santa Ana, California (+10.6% to US$127.80).
St. Louis, Missouri-Illinois, saw the steepest decline in RevPAR (-14.1% to US$68.98) and the only double-digit drop in occupancy (-10.5% to 68.9%).
San Francisco/San Mateo, California, reported the only double-digit decrease in ADR (-10.5% to US$257.40) as well as a double-digit drop in RevPAR (-13.0% to US$230.97).