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STR: US hotel results for week ending 18 March

March 27, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 12-18 March 2017, according to data from STR.http://www.afta.com.au/events/ntia/nominations-and-voting

In a year-over-year comparison with the week of 13-19 March 2016:

  • Occupancy: -0.6% to 70.0%
  • Average daily rate (ADR): +1.3% to US$129.93
  • Revenue per available room (RevPAR): +0.7% to US$90.99

Among the Top 25 Markets, San Diego, California, experienced the largest year-over-year increase in RevPAR (+26.3% to US$166.89). That growth was driven primarily by the week’s only double-digit lift in ADR (+20.4% to US$185.28). Occupancy in the market rose 4.9% to 90.1%.

Detroit, Michigan, saw the only double-digit rise in occupancy (+12.8% to 71.1%), which pushed the week’s second-largest jump in RevPAR (+18.2% to US$70.30).

St. Louis, Missouri-Illinois, was the third and final market with a double-digit increase in RevPAR (+13.8% to US$80.44).

Four Top 25 Markets reported a double-digit decline in RevPAR: San Francisco/San Mateo, California (-20.5% to US$168.66); Miami/Hialeah, Florida (-13.9% to US$207.82); Philadelphia, Pennsylvania-New Jersey (-13.7% to US$75.63); and New York, New York (-13.1% to US$190.49).

Miami saw occupancy growth (+1.7% to 90.7%) but reported the week’s largest drop in ADR (-15.4% to US$229.03).

San Francisco/San Mateo reported the only other double-digit decrease in ADR (-13.7% to US$207.26).

Philadelphia experienced the steepest decline in occupancy (-9.9% to 63.6%).

Additional Performance Data

Are you a member of the media looking for performance data for a hotel market not included in this release? STR’s sample comprises more than 56,000 hotels and nearly 7.6 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

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