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STR: US hotel results for week ending 24 December

January 4, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported negative results in the three key performance metrics during the week of 18-24 December 2016, according to data from STR.http://www.banyantree.com/en/ap-thailand-phuket-spa-sanctuary

In year-over-year comparisons, the industry’s occupancy decreased 1.2% to 42.2%, and average daily rate (ADR) was down 3.0% to US$106.06. As a result, revenue per available room (RevPAR) fell 4.2% to US$44.76.

Among the Top 25 Markets, Washington, D.C.-Maryland-Virginia, posted the largest increases across the three key performance metrics. Occupancy in the market rose 8.9% to 37.6%, ADR was up 8.9% to US$100.40 and RevPAR grew 18.6% to US$37.72.

Three additional markets saw a double-digit lift in RevPAR for the week: Denver, Colorado (+13.6% to US$40.81); Detroit, Michigan (+13.4% to US$32.59); and Dallas, Texas (+11.5% to US$33.74).

Six markets experienced a double-digit drop in RevPAR: Miami/Hialeah, Florida (-31.1% to US$111.61); Orlando, Florida (-27.9% to US$65.95); New Orleans, Louisiana (-25.6% to US$39.82); Tampa/St. Petersburg, Florida (-15.1% to US$45.64); Anaheim/Santa Ana, California (-14.4% to US$81.79); and San Diego, California (-10.7% to US$55.23).

Three markets reported double-digit decreases in ADR: Miami/Hialeah (-22.4% to US$178.88), Orlando (-11.5% to US$106.40) and New Orleans (-10.4% to US$101.54).

Five markets saw a double-digit decline in occupancy: Orlando (-18.5% to 62.0%), New Orleans (-17.0% to 39.2%), Tampa/St. Petersburg (-13.2% to 47.2%), Anaheim/Santa Ana (-12.9% to 60.3%) and Miami/Hialeah (-11.2% to 62.4%).

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