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STR: US hotel results for week ending 21 May

May 28, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive results in two of the three key performance metrics during the week of 15-21 May 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy decreased 0.9% to 70.7%. However, average daily rate for the week was up 2.7% to US$125.76, and revenue per available room increased 1.9% to US$88.88.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the largest year-over-year increases in occupancy (+9.6% to 80.0%) and RevPAR (+18.0% to US$97.20). ADR in the market was up 7.7% to US$121.57.

Six additional markets saw a double-digit lift in RevPAR: St. Louis, Missouri-Illinois (+17.1% to US$85.04); Dallas, Texas (+14.9% to US$79.98); Nashville, Tennessee (+13.8% to US$121.84); Seattle, Washington (+12.6% to US$133.24); Philadelphia, Pennsylvania-New Jersey (+12.1% to US$124.01); and San Francisco/San Mateo, California (+11.6% to US$230.82).

Three markets posted a double-digit rise in ADR: Atlanta, Georgia (+13.5% to US$108.89); Nashville (+11.0% to US$143.72); and Los Angeles/Long Beach, California (+10.0% to US$169.86).

Houston, Texas, experienced the only double-digit decreases in occupancy (-10.7% to 65.0%) and RevPAR (-10.9% to US$70.52).

Norfolk/Virginia Beach, Virginia, reported the largest drop in ADR (-7.0% to US$97.32).

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