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US hotel results for week ending 29 April

May 6, 2017 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 23-29 April 2017, according to data from STR

In comparison with the week of 24-30 April 2016, the industry reported the following:

  • Occupancy: +3.7% to 70.3%
  • Average daily rate (ADR): +5.1% to US$127.50
  • Revenue per available room (RevPAR): +8.9% to US$89.65

STR analysts attribute the level of performance growth to a comparison with Passover week last year.

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, saw the largest year-over-year increase in RevPAR (+28.7% to US$132.05). Growth was driven primarily by the week’s largest lift in ADR (+20.1% to US$161.06). Occupancy in the market rose 7.1% to 82.0%.

Six additional markets experienced a lift in RevPAR of more than 15.0%: Atlanta, Georgia (+22.0% to US$86.99); Boston, Massachusetts (+18.6% to US$181.23);Phoenix, Arizona (+17.8% to US$109.58); Denver, Colorado (+15.7% to US$94.73);Anaheim/Santa Ana, California (+15.4% to US$125.33); and Norfolk/Virginia Beach, Virginia (+15.2% to US$68.52). Overall, 10 Top 25 Markets posted double-digit growth in the metric.

Boston reported the only other double-digit increase in ADR (+13.1% to US$219.99).

Atlanta saw the only double-digit rise in occupancy (+11.1% to 76.7%).

New Orleans, Louisiana, reported the steepest declines across the three key performance metrics. Occupancy fell 6.0% to 78.2%, ADR was down 7.4% to US$174.35 and RevPAR dropped 13.0% to US$136.31.

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