The U.S. hotel industry reported positive results in the three key performance metrics during the week of 14-20 August 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy was nearly flat (+0.3% to 71.3%). Average daily rate increased 3.2% to US$124.11, and revenue per available room grew 3.6% to US$88.50.
Among the Top 25 Markets, Detroit, Michigan, recorded the only double-digit increase in occupancy (+11.4% to 79.3%) as well as the largest increase in RevPAR (+18.5% to US$80.53). ADR in the market was up 6.4% to US$101.53.
Four additional markets experienced a double-digit RevPAR lift for the week: Norfolk/Virginia Beach, Virginia (+14.1% to US$101.83); Tampa/St. Petersburg, Florida (+14.1% to US$72.25); Nashville, Tennessee (+12.9% to US$103.79); and Los Angeles/Long Beach, California (11.8% to US$174.07).
Los Angeles/Long Beach posted the largest rise in ADR, up 9.8% to US$196.63. Oahu Island, Hawaii (+8.5% to US$244.96), ranked second in year-over-year ADR percentage change.
Houston, Texas, reported the largest decreases across the three metrics. Occupancy fell 15.5% to 57.3%; ADR was down 6.0% to US$98.72; and RevPAR dropped 20.6% to US$56.60.
New Orleans, Louisiana, and Boston, Massachusetts, reported the only other double-digit decreases in the three key metrics. RevPAR in New Orleans declined 12.7% to US$53.97, and RevPAR in Boston fell 11.1% to US$155.28.