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US hotel results for week ending 16 April

April 23, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 10-16 April 2016, according to data from STR.http://www.kirimaya.com/resorts/

In year-over-year comparisons, the industry’s occupancy fell 1.8% to 67.5%. Average daily rate for the week was up 1.6% to US$123.22. Revenue per available room remained nearly flat (-0.2% to US$83.16).

Four of the Top 25 Markets recorded a double-digit increase in RevPAR: Detroit, Michigan (+19.5% to US$69.67); Los Angeles/Long Beach, California (+17.6% to US$152.63); Norfolk/Virginia Beach, Virginia (+15.9% to US$54.86); and Phoenix, Arizona (+12.3% to US$105.60).

Two markets posted a double-digit rise in ADR: Los Angeles/Long Beach (+13.6% to US$179.54) and Detroit (+10.1% to US$100.80).

Detroit experienced the largest lift in occupancy, up 8.6% to 69.1%.

Chicago, Illinois, reported the largest decreases in each of the three key performance metrics. Occupancy in the market fell 11.1% to 72.2%; ADR was down 12.4% to US$140.12; and RevPAR dropped 22.1% to US$101.16.

Two additional markets saw a double-digit decline in RevPAR: Miami/Hialeah, Florida (-12.4% to US$158.26), and Houston, Texas (-10.2% to US$71.85).

After Chicago, Houston (-10.7% to 65.1%) was the only other market to report a double-digit decrease in occupancy.

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