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STR: US hotel results for week ending 5 August

August 12, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 30 July through 5 August 2017, according to data from STRhttp://www.thavornpalmbeach.com/phuket-luxury-holiday-package/

In comparison with the week of 31 July through 6 August 2016, the industry recorded the following:

  • Occupancy: -1.5% to 74.5%
  • Average daily rate (ADR): +0.7% to US$129.00
  • Revenue per available room (RevPAR): -0.8% to US$96.08

Among the Top 25 Markets, Detroit, Michigan, posted the largest year-over-year increases in occupancy (+8.3% to 80.4%) and RevPAR (+17.1% to US$83.80).

Two additional markets registered double-digit RevPAR growth for the week: Phoenix, Arizona (+12.3% to US$51.93), and Chicago, Illinois (+11.1% to US$126.90).

The largest ADR increases were reported in Chicago (+8.4% to US$154.91) and San Diego, California (+8.4% to US$201.47).

Philadelphia, Pennsylvania-New Jersey, reported the week’s steepest decline in RevPAR (-25.0% to US$90.31), due mostly to the only double-digit decrease in ADR (-16.0% to US$123.35).

St. Louis, Missouri-Illinois, reported the second-largest drop in RevPAR (-19.2% to US$71.68), which was primarily a result of the week’s largest decrease in occupancy (-14.7% to 69.3%).

Houston, Texas, experienced the second-largest decrease in occupancy (-12.2% to 59.0%).

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