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).