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STR: US hotel results for week ending 27 August

September 6, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 21-27 August 2016, according to data fromSTR.

In year-over-year comparisons, the industry’s occupancy grew 4.3% to 67.5%. Average daily rate increased 4.2% to US$121.22. Revenue per available room rose 8.7% to US$81.85.

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, posted the largest year-over-year increases in ADR (+15.0% to US$135.93) and RevPAR (+30.8% to US$106.17).

Five additional markets saw a RevPAR increase of more than 15.0%: St. Louis, Missouri, Illinois (+29.5% to US$69.94); Norfolk/Virginia Beach, Virginia (+22.0% to US$87.18); Anaheim/Santa Ana, California (+19.2% to US$121.19); San Diego, California (+18.8% to US$130.13); and Atlanta, Georgia (+18.1% to US$73.01).

Overall, 21 of the Top 25 Markets recorded an increase in RevPAR for the week.

St. Louis reported the largest increase in occupancy (+16.7% to 68.0%) and was the only other market to record a double-digit lift in ADR (+11.0% to US$102.92) after the aforementioned Philadelphia.

In addition to St. Louis, three markets experienced double-digit growth in occupancy: Philadelphia (+13.7% to 78.1%), Norfolk/Virginia Beach (+13.6% to 70.7%) and Anaheim/Santa Ana (+10.5% to 78.0%).

Houston, Texas, saw the only double-digit declines in occupancy (-12.0% to 54.9%) and RevPAR (-15.5% to US$54.21).

New Orleans, Louisiana (-7.5% to US$107.64), reported the largest drop in ADR.

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