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STR: US hotel results for week ending 3 December

December 10, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 27 November through 3 December 2016, according to data from STR.http://www.rembrandtbkk.com/

In year-over-year comparisons, the industry’s occupancy fell 1.5% to 56.0%. Average daily rate (ADR) increased 0.5% to US$117.31. Revenue per available room (RevPAR) declined 1.0% to US$65.65.

San Diego, California, was the only Top 25 Market to record double-digit growth in ADR (+21.6% to US$157.39) and RevPAR (+26.0% to US$101.08). Occupancy in the market increased 3.6% to 64.2%.

Washington, D.C.-Maryland-Virginia, experienced the largest occupancy increase (+3.9% to 62.0%) and the second largest rise in RevPAR (+8.8% to US$89.04).

Overall, five the Top 25 Markets experienced a year-over-year occupancy increase for the week. Eight markets recorded positive RevPAR performance.

Houston, Texas, reported the only double-digit decline in occupancy (-14.0% to 54.5%) and the steepest drop in RevPAR (-18.9% to US$55.32). ADR in the market was down 5.7% to US$101.47.

Four additional markets saw a double-digit RevPAR decrease for the week: Orlando, Florida (-15.3% to US$71.76); Miami/Hialeah, Florida (-13.4% to US$197.58); New Orleans, Louisiana (-10.2% to US$88.47); and Philadelphia, Pennsylvania-New Jersey (-10.1% to US$69.69).

Miami/Hialeah reported the only double-digit drop in ADR (-10.1% to US$250.16).

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