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STR: US hotel results for week ending 26 November

December 3, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 20-26 November 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy rose 2.7% to 50.7%. Average daily rate (ADR) increased 2.8% to US$107.66. Revenue per available room (RevPAR) grew 5.5% to US$54.62.

Five Top 25 Markets experienced double-digit growth in RevPAR for the week: Washington, D.C.-Maryland-Virginia (+16.6% to US$50.90); Dallas, Texas (+15.4% to US$45.82); Norfolk/Virginia Beach, Virginia (+15.1% to US$38.91); Los Angeles/Long Beach, California (+12.9% to US$92.36); and Phoenix, Arizona (+10.6% to US$51.06).

In ADR, Los Angeles/Long Beach (+8.0% to US$144.65) and Washington, D.C. (+7.4% to US$106.90) posted the largest year-over-year increases.

Norfolk/Virginia Beach, saw the only double-digit increase in occupancy (+12.5% to 47.2%).

Houston, Texas, experienced the steepest declines in occupancy (-9.0% to 42.2%) and RevPAR (-15.2% to US$33.72).

Miami/Hialeah, Florida, reported the largest drop in ADR (-8.7% to US$161.30) and the only other double-digit decrease in RevPAR (-14.5% to US$104.30).

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