The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 11-17 September 2016, according to data from STR.In year-over-year comparisons, the industry’s occupancy was nearly flat (+0.2% to 72.0%). Average daily rate (ADR) increased 4.1% to US$129.37. Revenue per available room (RevPAR) grew 4.3% to US$93.13.
Among the Top 25 Markets, Orlando, Florida, posted the largest year-over-year increases across the three metrics. Occupancy in the market rose 9.3% to 69.6%; ADR was up 12.0% to US$104.92; and RevPAR grew 22.5% to US$73.05.Of the nine additional markets to experience a double-digit lift in RevPAR, two reported growth above 15.0% for the week: Dallas, Texas (+15.8% to US$88.37), and Boston, Massachusetts (+15.3% to US$209.44).
Three markets experienced a double-digit decrease in RevPAR: San Francisco/San Mateo, California (-14.3% to US$247.55); Houston, Texas (-14.2% to US$65.20); and Miami/Hialeah, Florida (-11.8% to US$97.23).
After Orlando, five markets recorded a double-digit rise in ADR: Denver, Colorado (+11.7% to US$142.42); Boston (+10.9% to US$235.17); Dallas (+10.8% to US$113.86); Oahu Island, Hawaii (+10.6% to US$236.35); and Chicago, Illinois (+10.1% to US$194.67).
San Francisco (-15.7% to US$264.10) was the only market to report a double-digit decline in ADR.
Houston saw the only double-digit drop in occupancy (-10.3% to 61.1%).