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STR: US hotel results for week ending 9 April

April 18, 2016 Hotel Trends No Comments Email Email

The U.S. hotel industry recorded mostly positive results in the three key performance metrics during the week of 3-9 April 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy remained flat at 68.2%. Average daily rate for the week was up 3.9% to US$122.90, and revenue per available room increased 3.9% to US$83.83.

Four of the Top 25 Markets posted a RevPAR increase of more than 20.0%: Chicago, Illinois (+27.3% to US$100.88); Atlanta, Georgia (+27.3% to US$85.07); Dallas, Texas (+25.6% to US$91.01); and Detroit, Michigan (+22.1% to US$63.48). Overall, 12 markets experienced double-digit growth in the metric.

Two markets saw a double-digit drop in RevPAR: Norfolk/Virginia Beach, Virginia (-15.7% to US$48.09), and Miami/Hialeah, Florida (-10.9% to US$171.60).

Nine markets recorded a double-digit rise in ADR, three of which eclipsed +15.0%: Atlanta (+20.1% to US$110.94); Houston, Texas (+17.7% to US$123.82); and Chicago (+16.5% to US$142.37).

Of the four markets to report a decrease in ADR, Miami (-8.4% to US$211.21) showed the largest drop in the metric.

Three markets experienced a double-digit lift in occupancy: Dallas (+13.5% to 82.8%); Detroit (+12.1% to 65.8%); and Phoenix, Arizona (+10.3% to 80.4%).

Norfolk/Virginia Beach (-14.1% to 55.2%) reported the only double-digit decline in occupancy.

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