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STR: US hotel results for week ending 25 June

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

The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 19-25 June 2016, according to data from STR.http://recruitment.travelcounsellors.com/au/?utm_source=eGlobal&utm_medium=banner&utm_campaign=Its%20time

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%).

A note to editors: As of 1 March 2016, all references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing as those names no longer fit within the updated STR brand.

Additional Performance Data
Are you a member of the media looking for performance data for a hotel market not included in this release? STR’s sample comprises more than 54,000 hotels and 7.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

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