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STR: US hotel results for week ending 5 November

November 12, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 30 October through 5 November 2016, according to data from STR.http://itcmchina.com/

In year-over-year comparisons, the industry’s occupancy fell 3.5% to 64.0%. Average daily rate (ADR) increased 1.6% to US$123.17. Revenue per available room (RevPAR) decreased 1.9% to US$78.82.

Opposite from last week, STR analysts cite a negative effect on results due to a Halloween calendar shift. The holiday was not included in the comparable week from 2015

Among the Top 25 Markets, Orlando, Florida, saw the largest year-over-year increases in occupancy (+7.2% to 74.6%) and RevPAR (+15.2% to US$89.48). ADR in the market rose 7.5% to US$120.01.

Two additional markets registered a double-digit rise in RevPAR: New Orleans, Louisiana (+11.6% to US$130.53), and World Series co-host, Chicago, Illinois (+10.1% to US$117.57).

Chicago also posted the largest increase in ADR, up 9.4% to US$158.90.

St. Louis, Missouri, reported the steepest declines in occupancy (-14.1% to 62.1%) and RevPAR (-18.3% to US$61.13). ADR in the market fell 4.9% to US$98.41.

Three additional markets experienced a double-digit drop in RevPAR for the week: Boston, Massachusetts (-16.9% to US$135.55); Miami/Hialeah, Florida (-16.5% to US$125.97); and Houston, Texas (-15.1% to US$64.90).

Miami/Hialeah reported the largest decrease in ADR, down 5.6% to US$172.80.

After St. Louis, three other markets saw a double-digit decline in occupancy: Boston (-13.6% to 69.8%), Miami/Hialeah (-11.5% to 72.9%) and Houston (-10.5% to 61.8%).

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