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STR: US hotel results for week ending 3 September

September 14, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 28 August through 3 September 2016, according to data from STR.http://www.tourismlegal.com.au/

In year-over-year comparisons, the industry’s occupancy grew 1.6% to 64.5%. Average daily rate increased 2.4% to US$118.97. Revenue per available room rose 4.1% to US$76.76.

Among the Top 25 Markets, Seattle, Washington, posted the largest year-over-year increases in ADR (+12.8% to US$172.33) and RevPAR (+19.3% to US$144.14). Occupancy in the market rose 5.8% to 83.6%.

Six additional markets experienced a double-digit lift in RevPAR for the week: Dallas, Texas (+16.6% to US$71.33); Minneapolis/St. Paul, Minnesota-Wisconsin (+16.1% to US$91.01); Orlando, Florida (+15.4% to US$56.88); Los Angeles/Long Beach, California (+14.5% to US$129.90); New Orleans, Louisiana (+14.5% to US$68.28); and Oahu Island, Hawaii (+12.7% to US$192.66).

After Seattle, two other markets recorded a double-digit rise in ADR: Los Angeles/Long Beach (+10.9% to US$168.37) and Dallas (+10.4% to US$102.37).

New Orleans saw the only double-digit increase in occupancy (17.3% to 60.2%).

San Francisco/San Mateo, California, reported the largest decreases across the three key performance metrics. Occupancy in the market dropped 11.1% to 79.1%; ADR was down 21.6% to US$198.76; and RevPAR fell 30.4% to US$157.30.

Two other markets reported a double-digit decline in RevPAR: St. Louis, Missouri-Illinois (-15.7% to US$56.72), and Houston, Texas (-14.4% to US$54.23).

While no markets outside of San Francisco/San Mateo reported a double-digit decrease in ADR, two saw a double-digit decline in occupancy: St. Louis (-10.9% to 59.7%) and Houston (-10.9% to 56.1%).

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