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STR: US hotel results for week ending 22 October

October 31, 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 16-22 October 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy increased 2.6% to 72.3%. Average daily rate (ADR) rose 3.2% to US$129.03. Revenue per available room (RevPAR) grew 5.8% to US$93.26.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, recorded the only double-digit increase in occupancy (+19.7% to 67.1%) and the largest increase in RevPAR (+21.0% to US$59.01). ADR in the market was up 1.1% to US$87.93.

Five additional markets saw a double-digit lift in RevPAR for the week: St. Louis, Missouri-Illinois (+17.8% to US$79.99); Seattle, Washington (+16.2% to US$122.03); Phoenix, Arizona (+16.1% to US$99.76); Orlando, Florida (+15.4% to US$97.50); and Anaheim/Santa Ana, California (+10.6% to US$133.65).

Orlando was the only Top 25 Market to post a double-digit increase in ADR (+10.1% to US$123.57).

Houston, Texas, experienced the steepest declines in occupancy (-10.1% to 70.0%) and RevPAR (-8.3% to US$82.48). ADR in the market increased 2.0% to US$117.77.

San Diego, California, reported the largest decrease in ADR (-4.6% to US$151.38).

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