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.