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STR: US hotel results for week ending 25 March

April 1, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 19-25 March 2017, according to data from STRhttp://www.rembrandtbkk.com/

STR analysts note that performance growth was boosted by an Easter calendar shift (27 March 2016). In comparison with the week of 20-26 March 2016, the industry reported the following in year-over-year comparisons:

  • Occupancy: +5.0% to 68.7%
  • Average daily rate (ADR): +2.9% to US$127.68
  • Revenue per available room (RevPAR): +7.9% to US$87.75

Among the Top 25 Markets, Detroit, Michigan, saw the week’s largest increases in occupancy (+21.9% to 69.1%) and RevPAR (+34.4% to US$69.02). ADR in the market rose 10.2% to US$99.92.

Of the 11 additional markets to report double-digit growth in RevPAR, four saw an increase of more than 20.0% in the metric: St. Louis, Missouri-Illinois (+25.4% to US$70.44); Chicago, Illinois (+21.0% to US$83.61); Houston, Texas (+21.0% to US$79.57); and Washington, D.C.-Maryland-Virginia (+20.3% to US$138.64).

Washington, D.C. posted the largest year-over-year increase in ADR (+16.3% to US$176.50). In addition to Detroit, three other markets recorded a double-digit lift in rate for the week: Denver, Colorado (+11.3% to US$122.62); St. Louis (+10.1% to US$100.71); and Chicago (+10.0% to US$125.70).

After Detroit, four other markets experienced double-digit growth in occupancy: St. Louis (+13.9% to 69.9%); Houston (+13.8% to 70.4%); Minneapolis/St. Paul, Minnesota-Wisconsin (+10.8% to 62.9%); and Chicago (+10.0% to 66.5%).

New York, New York, saw the steepest decrease in RevPAR (-8.5% to US$196.21).Norfolk/Virginia Beach, Virginia, reported the largest decline in ADR (-6.3% to US$86.76). Oahu Island, Hawaii, experienced the largest decrease in occupancy (-5.2% to 79.8%).

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