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STR: US hotel results for week ending 5 November

November 12, 2016 Hotel Trends No Comments 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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