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STR: US hotel results for week ending 18 June

June 27, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 12-18 June 2016, according to data from STR.http://recruitment.travelcounsellors.com/au/?utm_source=eGlobal&utm_medium=banner&utm_campaign=Its%20time

In year-over-year comparisons, the industry’s occupancy was nearly flat (-0.1% to 74.6%). However, average daily rate increased 3.5% to US$126.89, and revenue per available room grew 3.3% to US$94.62.

Among the Top 25 Markets, San Francisco/San Mateo, California, recorded the largest increases in ADR (+20.9% to US$263.57) and RevPAR (+24.7% to US$246.61). Occupancy in the market rose 3.1% to 93.5%.

Three additional markets experienced double-digit growth in RevPAR: St. Louis, Missouri-Illinois (+24.2% to US$90.73); Boston, Massachusetts (+15.7% to US$200.89); and Denver, Colorado (+10.0% to US$124.68).

After San Francisco/San Mateo, Boston was the only other market to post a double-digit rise in ADR (+11.5% to US$226.02).

St. Louis was the only Top 25 Market to see a double-digit lift in occupancy (+13.3% to 82.6%).

Orlando, Florida, reported the only double-digit decreases in occupancy (-12.0% to 73.9%) and RevPAR (-16.6% to US$79.03). ADR in the market dropped 5.2% to US$106.88.

Philadelphia, Pennsylvania-New Jersey, reported the week’s largest decrease in ADR (-6.8% to US$138.84).

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