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STR: US hotel results for week ending 23 April

May 2, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 17-23 April 2016, according to data from STR.http://www.questexevents.net/hmtsummit

In year-over-year comparisons, the industry’s occupancy fell 1.9% to 68.4%. Average daily rate for the week was up 1.8% to US$122.47. Revenue per available room was virtually flat (-0.1% to US$83.76).

Five Top 25 Markets reported a double-digit increase in RevPAR: New Orleans, Louisiana (+20.0% to US$159.05); Norfolk/Virginia Beach, Virginia (+17.5% to US$65.63); Dallas, Texas (+16.9% to US$90.20); Los Angeles/Long Beach, California (+14.1% to US$136.90); and Oahu Island, Hawaii (+10.5% to US$174.10).

Five markets experienced a double-digit decrease in RevPAR: Philadelphia, Pennsylvania-New Jersey (-25.5% to US$94.98); San Francisco/San Mateo, California (-21.3% to US$179.08); St. Louis, Missouri-Illinois (-20.8% to US$69.18); Houston, Texas (-20.7% to US$67.21); and Washington, D.C.-Maryland-Virginia (-12.1% to US$136.27).

Los Angeles/Long Beach posted the largest rise in ADR, up 11.0% to US$170.46. New Orleans (+10.0% to US$190.67) was the only other market to report a double-digit lift in the metric.

Two markets reported a double-digit decrease in ADR: San Francisco/San Mateo (-15.9% to US$211.26) and Philadelphia (-12.6% to US$130.71).

The largest increases in occupancy were experienced in Dallas (+9.9% to 82.6%) and New Orleans (+9.1% to 83.4%).

Three markets saw a double-digit decline in occupancy: Houston (-15.8% to 63.0%), St. Louis (-15.3% to 68.2%) and Philadelphia (-14.8% to 72.7%).

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