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US hotel results for week ending 6 May

May 15, 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 30 April to 6 May 2017, according to data from STRhttp://rinfo.travelcounsellors.com/au/your-world-better?utm_campaign=Your%20World%20Better&utm_content=World%20of%20Support&utm_medium=eNewsletter%20MREC&utm_source=%20eGlobal

In comparison with the week of 1-7 May 2016, the industry reported the following:

  • Occupancy: +3.3% to 67.9%
  • Average daily rate (ADR): +2.4% to US$126.67
  • Revenue per available room (RevPAR): +5.8% to US$85.96

STR analysts note that performance growth was particularly strong on Friday andSaturday due to a comparison with Mother’s Day weekend a year ago.

Among the Top 25 Markets, Nashville, Tennessee, posted the largest year-over-year increase in RevPAR (+18.4% to US$128.97). Growth was driven by the week’s only double-digit lift in ADR (+11.2% to US$155.01) as well as the second-largest rise in occupancy (+6.5% to 83.2%).

Four additional markets saw a double-digit increase in RevPAR for the week: Phoenix, Arizona (+13.3% to US$88.56); Orlando, Florida (+12.7% to US$91.51); Oahu Island, Hawaii (+11.4% to US$189.35); and Los Angeles/Long Beach, California (+10.6% to US$149.20).

Orlando’s performance increase was pushed by the week’s largest lift in occupancy (+7.4% to 76.0%).

Houston, Texas, experienced the steepest decline in RevPAR (-9.7% to US$88.22).Philadelphia, Pennsylvania-New Jersey, reported the largest drop in ADR (-7.2% to US$134.09). Dallas, Texas, saw the greatest fall in occupancy (-3.4% to 70.5%).

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