In year-over-year measurements, the industry’s occupancy increased 0.6% to 71.2%. Average daily rate for the week was up 3.4% to US$119.75. Revenue per available room increased 4.1% to finish the week at US$85.22.
Six of the Top 25 Markets reported double-digit increases in RevPAR: Orlando, Florida (+17.0% to US$63.28); New Orleans, Louisiana (+15.5% to US$61.63); Denver, Colorado (+13.2% to US$116.09); Boston, Massachusetts (+12.5% to US$174.92); Dallas, Texas (+11.3% to US$68.40); and Philadelphia, Pennsylvania-New Jersey (+11.2% to US$93.73).
Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest RevPAR decrease, down 12.7% to US$91.79.
Two markets posted double-digit ADR increases: Denver (+11.1% to US$133.56) and Boston (+10.4% to US$196.71).
New York, New York, recorded the largest ADR decrease for the week, down 4.1% to US$228.60. Minneapolis/St. Paul (-2.3% to US$117.88) was the only other market to report a drop in ADR for the week.
Orlando experienced the largest occupancy increase, up 9.8% to 68.3%.
Minneapolis/St. Paul saw the steepest occupancy decline, down 10.6% to 77.9%.