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STR: US hotel results for week ending 2 July

July 16, 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 26 June through 2 July 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy increased 4.8% to 71.5%. Average daily rate was up 3.6% to US$123.97. Revenue per available room grew 8.6% to US$88.64.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest increases in occupancy (+25.5% to 72.0%) and RevPAR (+48.7% to US$85.19). ADR in the market was up 18.6% to US$118.26.

Six additional markets experienced a lift in RevPAR of more than 20.0%: Dallas, Texas (+36.2% to US$70.19); Denver, Colorado (+32.3% to US$140.85); Boston, Massachusetts (+26.0% to US$157.13); Nashville, Tennessee (+22.1% to US$108.80); San Diego, California (+20.4% to US$152.40); and Detroit, Michigan (+20.2% to US$63.45).

Overall, 14 of the Top 25 Markets reported double-digit RevPAR growth for the week.

Of the seven markets to experience a decrease in RevPAR, New Orleans, Louisiana (-6.5% to US$109.78), reported the largest decline in the metric.

Denver posted the largest increase in ADR (+23.9% to US$152.88). Aside from the aforementioned Minneapolis/St. Paul, one other market recorded an ADR increase above 15.0%: Dallas (+16.0% to US$98.10).

Chicago, Illinois, reported the largest drop in ADR, down 6.0% to US$136.45.

In addition to Minneapolis/St. Paul, five markets saw occupancy rise by double-figures: Dallas (+17.3% to 71.5%); San Diego (+13.3% to 87.0%); Boston (+12.7% to 82.6%); St. Louis, Missouri-Illinois (+11.0% to 78.8%); and Detroit (+10.6% to 67.0%).

New Orleans (-2.2% to 70.5%) experienced the week’s largest decline in occupancy.

A note to editors: As of 1 March 2016, all references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing as those names no longer fit within the updated STR brand.

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 54,000 hotels and 7.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

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