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STR: US hotel results for week ending 17 September

September 24, 2016 Hotel Trends No Comments Email Email

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. 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%).

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