In year-over-year measurements, the industry’s occupancy increased 1.7% to 72.0%. Average daily rate for the week was up 3.7% to US$123.89. Revenue per available room increased 5.5% to finish the week at US$89.15.
Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in ADR (+29.7% to US$312.91) and RevPAR (+28.0% to US$289.55). Occupancy in the market decreased 1.4% to 92.5%.
Three additional markets saw RevPAR increases of more than 15.0%: Norfolk/Virginia Beach, Virginia (+18.9% to US$59.74); Chicago, Illinois (+18.4% to US$154.65); and Anaheim/Santa Ana, California (+16.8% to US$119.29).
After San Francisco/San Mateo, two markets posted a double-digit rise in ADR: Chicago (+11.8% to US$176.37) and Los Angeles/Long Beach, California (+10.0% to US$160.50).
Norfolk/Virginia Beach experienced the only double-digit increase in occupancy, up 10.1% to 63.2%.
New Orleans, Louisiana, reported the largest decreases in each of the three key performance metrics. Occupancy in the market dropped 12.8% to 65.6%; ADR was down 4.4% to US$130.33; and RevPAR fell 16.6% to US$85.47.
No other Top 25 Market saw a double-digit decrease for any of the three key performance measurements.