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STR: US hotel results for week ending 19 November

November 25, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 13-19 November 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy rose 4.5% to 65.8%. Average daily rate (ADR) increased 4.6% to US$122.02. Revenue per available room (RevPAR) grew 9.2% to US$80.25.

Among the Top 25 Markets, New Orleans, Louisiana, posted the largest year-over-year increases in ADR (+15.9% to US$163.82) and RevPAR (+28.9% to US$123.41). Occupancy in the market grew 11.3% to 75.3%.

Three additional markets saw a RevPAR increase of 20.0% or more: San Diego, California (+23.0% to US$114.34); St. Louis, Missouri (+20.3% to US$68.90); and Los Angeles/Long Beach, California (+20.0% to US$143.37).

Overall, 15 of the Top 25 Markets experienced double-digit RevPAR growth.

After New Orleans, three other markets recorded a double-digit rise in ADR: Los Angeles/Long Beach (+10.9% to US$172.71); Phoenix, Arizona (+10.7% to US$129.40); and Boston, Massachusetts (+10.2% to US$208.52).

Norfolk/Virginia Beach, Virginia, registered the week’s largest increase in occupancy (+15.6% to 56.1%). Aside from the aforementioned New Orleans, two additional markets saw a double-digit lift in the metric: St. Louis (+13.5% to 67.7%) and San Diego (+13.3% to 77.0%).

Miami/Hialeah, Florida, reported the steepest declines in ADR (-9.5% to US$169.91) and RevPAR (-18.4% to US$126.55). Occupancy in the market dropped 9.9% to 74.5%.

Houston, Texas, saw the only double-digit decrease in occupancy (-10.4% to 63.3%) and the only other double-digit decline in RevPAR (-15.7% to US$67.31).

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