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STR: US hotel results for week ending 8 October

October 15, 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 2-8 October 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy decreased 1.0% to 70.9%. However, average daily rate (ADR) was up 1.8% to US$127.88, and revenue per available room (RevPAR) increased 0.8% to US$90.67.

STR analysts note that overall performance for the week was affected by the Rosh Hashanah calendar shift from 14 September 2015 to 3 October 2016. Performance in the Group segment was down in most major markets.

Among the Top 25 Markets, San Francisco/San Mateo, California, posted the largest year-over-year performance increases in ADR (+25.9% to US$326.74) and RevPAR (+22.3% to US$296.86). Occupancy in the market was down 2.8% to 90.9%.

Four additional markets saw a double-digit lift in RevPAR for the week: Minneapolis/St. Paul, Minnesota-Wisconsin (+19.7% to US$123.05); Tampa/St. Petersburg, Florida (+18.4% to US$89.03); Washington, D.C.-Maryland-Virginia (+17.3% to US$156.34); and Atlanta, Georgia (+10.8% to US$88.75).

After San Francisco/San Mateo, two markets recorded a double-digit rise in ADR: Washington, D.C. (+13.2% to US$190.59) and Minneapolis/St. Paul (+12.5% to US$142.12).

Tampa/St. Petersburg experienced the largest increase in occupancy (+8.6% to 76.3%).

Houston, Texas, reported the only double-digit decrease in ADR (-12.6% to US$100.95) and the largest drop in RevPAR (-26.1% to US$59.83). Occupancy in the market fell 15.5% to 59.3%.

Three additional markets saw a double-digit decline in RevPAR: Miami/Hialeah, Florida (-23.3% to US$89.67); New Orleans, Louisiana (-17.2% to US$105.63); and Philadelphia, Pennsylvania-New Jersey (-12.6% to US$100.09).

In occupancy, Miami/Hialeah (-15.8% to 59.5%) and Houston (-15.5% to 59.3%) reported the week’s only double-digit declines.

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