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STR: US hotel results for week ending 20 May

May 27, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported flat occupancy and slightly higher rates year over year during the week of 14-20 May 2017, according to data from STR.
http://www.itehcmc.com/

In comparison with the week of 15-21 May 2016, the industry recorded the following in the three key performance metrics:

  • Occupancy: Flat at 70.6%
  • Average daily rate (ADR): +1.5% to US$127.91
  • Revenue per available room (RevPAR): +1.5% to US$90.26

STR analysts note that occupancy for the week was pulled down due to comparison with a non-Mother’s Day Sunday in 2016.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, registered the only double-digit lift in occupancy (+12.8% to 69.5%) and the largest year-over-year increase in RevPAR (+20.7% to US$72.04). ADR in the market rose 7.0% to US$103.64.

Three additional markets saw a double-digit increase in RevPAR: Detroit, Michigan(+11.6% to US$76.49); Seattle, Washington (+10.6% to US$147.88); and St. Louis, Missouri-Illinois (+10.5% to US$93.82).

Growth in St. Louis was driven primarily by the week’s largest increase in ADR (+9.9% to US$119.51).

Phoenix, Arizona, saw the week’s steepest decline in occupancy (-8.7% to 62.1%).
New Orleans, Louisiana, reported the largest decreases in ADR (-6.4% to US$145.67) and RevPAR (-14.4% to US$103.10).

Two additional markets experienced a double-digit drop in RevPAR: Miami/Hialeah, Florida (-11.8% to US$121.70), and San Francisco/San Mateo, California (-10.1% to US$206.84).

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