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STR: US hotel results for week ending 23 July

July 30, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 17-23 July 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy decreased 1.1% to 78.2%. However, average daily rate was up 4.1% to US$130.83, and revenue per available room increased 2.9% to US$102.24.

Six of the Top 25 Markets recorded a double-digit RevPAR increase for the week: Philadelphia, Pennsylvania-New Jersey (+20.5% to US$113.78); Denver, Colorado (+15.3% to US$141.05); Phoenix, Arizona (+14.7% to US$53.24); Chicago, Illinois (+13.0% to US$143.51); San Diego, California (+12.4% to US$205.42); and Tampa/St. Petersburg, Florida (+10.1% to US$85.73).

Three of those markets posted a double-digit rise in ADR: San Diego (+19.2% to US$227.80); Philadelphia (+18.6% to US$144.01); and Denver (+14.0% to US$150.37).

Overall, 19 of the Top 25 Markets reported RevPAR growth for the week. Twenty-two markets recorded an increase in ADR.

Phoenix experienced the largest lift in occupancy, up 8.4% to 61.9%.

Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy fell 11.5% to 65.5%; ADR was down 9.1% to US$99.05; and RevPAR dropped 19.5% to US$64.88.

No other Top 25 Market reported a double-digit decrease in the three key performance metrics.

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