In year-over-year comparisons, the industry’s occupancy was nearly flat (-0.1% to 76.8%). However, average daily rate increased 4.5% to US$128.04, and revenue per available room grew 4.4% to US$98.29.
Among the Top 25 Markets, Tampa/St. Petersburg, Florida, experienced the only double-digit lift in occupancy (+10.3% to 81.6%) as well as the largest increase in RevPAR (+21.1% to US$97.47). ADR in the market rose 9.8% to US$119.46.
Four additional markets reported a double-digit increase in RevPAR for the week: Nashville, Tennessee (+16.4% to US$127.08); Phoenix, Arizona (+12.6% to US$58.46); Washington, D.C.-Maryland-Virginia (+12.4% to US$150.43); and Minneapolis/St. Paul, Minnesota-Wisconsin (+11.7% to US$108.52).
Two markets saw RevPAR fall by double figures: Houston, Texas (-11.6% to US$70.05), and St. Louis, Missouri-Illinois (-10.0% to US$82.41).
Nashville posted the only double-digit rise in ADR (+10.1% to US$145.07), while St. Louis reported the largest drop in ADR (-5.4% to US$105.75).
Houston saw the steepest decline in occupancy (-9.0% to 67.2%).
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