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).