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STR: US hotel results for week ending 27 May

June 6, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 21-27 May 2017, according to data from STR

In comparison with the week of 22-28 May 2016, the industry recorded the following:

  • Occupancy: +0.5% to 70.3%
  • Average daily rate (ADR): +2.5% to US$127.47
  • Revenue per available room (RevPAR): +3.1% to US$89.67

Among the Top 25 Markets, Boston, Massachusetts, showed the largest year-over-year increase in RevPAR (+19.1% to US$208.53), driven largely by the week’s greatest rise in ADR (+12.1% to US$234.62). Occupancy in the market rose 6.2% to 88.9%.

Three additional markets saw a double-digit lift in RevPAR for the week: Nashville, Tennessee (+16.3% to US$122.90); Phoenix, Arizona (+14.0% to US$76.81); andAtlanta, Georgia (+10.5% to US$82.69).

Nashville was the second of two markets to post a double-digit increase in ADR (+10.6% to US$148.74).

Phoenix saw the largest increase in occupancy (+8.1% to 69.4%).

San Francisco/San Mateo, California, reported the steepest declines in ADR (-8.3% to US$213.32) and RevPAR (-13.0% to US$185.41). Occupancy in the market fell 5.1% to 86.9%.

Two additional markets saw a 5.1% decrease in occupancy for the week: Oahu Island, Hawaii (-5.1% to 83.7%), and Tampa/St. Petersburg, Florida (-5.1% to 73.6%).

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