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STR: US hotel results for week ending 28 January

February 4, 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 22-28 January 2017, according to data from STR.http://join.travelmanagers.com.au/

In year-over-year comparisons, the industry’s occupancy increased 1.4% to 57.8%, and average daily rate (ADR) rose 2.3% to US$119.93. As a result, revenue per available room (RevPAR) grew 3.8% to US$69.35.

Six Top 25 Markets saw double-digit growth in RevPAR for the week: Washington, D.C.-Maryland-Virginia (+35.8% to US$86.59); New Orleans, Louisiana (+29.3% to US$122.19); Norfolk/Virginia Beach, Virginia (+24.5% to US$34.88); San Francisco/San Mateo, California (+19.1% to US$177.84); Seattle, Washington (+14.0% to US$100.29); and Oahu Island, Hawaii (+11.4% to US$201.25).

Three of those markets posted a double-digit rise in ADR: New Orleans (+18.7% to US$176.19), Washington, D.C. (+15.8% to US$144.19) and Oahu Island (+10.5% to US$234.91).

Two markets experienced a double-digit lift in occupancy: Norfolk/Virginia Beach (+19.0% to 44.7%) and Washington, D.C (+17.2% to 60.0%).

Miami/Hialeah, Florida, reported the largest decreases in ADR (-8.8% to US$214.15) and RevPAR (-13.1% to US$170.62). Occupancy in the market was down 4.8% to 79.7%.

The steepest declines in occupancy were reported in Houston, Texas (-5.2% to 61.9%), and Phoenix, Arizona (-5.1% to 74.7%).

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