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STR: U.S. hotel results for week ending 1 September

September 15, 2018 Hotel Trends No Comments Email Email

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR. http://www.itb-asia.com/press/media-services/accreditation/

In comparison with the week of 27 August through 2 September 2017, the industry recorded the following:

  • Occupancy: +1.6% to 67.0%
  • Average daily rate (ADR): +3.0% to US$125.16
  • Revenue per available room (RevPAR): +4.6% to US$83.88

Among the Top 25 Markets, St. Louis, Missouri-Illinois, registered the highest jump in RevPAR (+21.1% to US$70.51), driven by the second-largest increases in occupancy (+12.2% to 66.4%) and ADR (+8.0% to US$106.20).

New Orleans, Louisiana, experienced the highest rise in occupancy (+17.1% to 53.6%) and the second-largest increase in RevPAR (+14.4% to US$61.00).  

Orlando, Florida, posted the largest lift in ADR (+8.4% to US$105.61).  

Overall, 19 of the Top 25 Markets registered an increase in RevPAR.

In comparison with the week that followed the landfall of Hurricane Harvey in 2017,Houston, Texas, reported the steepest declines in ADR (-4.2% to US$95.94) and RevPAR (-19.2% to US$55.94). The market also matched for the largest drop in occupancy (-15.6% to 58.3%).

Dallas, Texas, registered the other largest decrease in occupancy (-15.6% to 62.8%) and the second-largest decline in RevPAR (-16.2% to US$62.70).

Oahu Island, Hawaii, experienced the second-largest drop in occupancy (-6.9% to 76.6%).

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