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STR: US hotel results for week ending 24 September

October 1, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 September 2016, according to data from STR.

STR analysts note that the week’s results were heavily affected by the Yom Kippur (23 September 2015) and Eid al-Adha (24 September 2015) calendar shift and a subsequent performance jump in the Group segment.

In comparison with the week that included both holidays, the industry’s occupancy increased 2.6% to 72.0%. Average daily rate (ADR) was up 6.3% to US$130.52. Revenue per available room (RevPAR) grew 9.0% to US$94.00.

Five Top 25 Markets reported a year-over-year RevPAR increase of more than 20.0%: Washington, D.C.-Maryland-Virginia (+30.2% to US$153.38); San Diego, California (+24.6% to US$129.15); Phoenix, Arizona (+24.5% to US$79.53); Chicago, Illinois (+23.9% to US$141.49); and San Francisco/San Mateo, California (+22.1% to US$274.65). Overall, 12 of the Top 25 Markets experienced a double-digit lift in RevPAR for the week.

Eight markets posted a double-digit rise in ADR, two of which recorded an increase of more than 15.0% in the metric: San Francisco/San Mateo (+23.3% to US$297.78) and Washington, D.C. (+16.0% to US$179.92).

Philadelphia, Pennsylvania-New Jersey, saw the largest increase in occupancy (+12.4% to 77.9%) but the only double-digit declines in ADR (-21.2% to US$138.33) and RevPAR (-11.4% to US$107.73).

Two other markets experienced a double-digit increase in occupancy: Washington, D.C. (+12.2% to 85.3%) and San Diego (+12.1% to 82.5%).

Houston, Texas (-7.6% to 63.7%), reported the steepest drop in occupancy.

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