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STR: U.S. hotel results for week ending 25 August

September 3, 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 19-25 August 2018, according to data from STR. http://www.itb-asia.com/press/media-services/accreditation/

In comparison with the week of 20-26 August 2017, the industry recorded the following:

  • Occupancy: flat at 69.5%
  • Average daily rate (ADR): +1.8% to US$127.55
  • Revenue per available room (RevPAR): +1.8% to US$88.69

Among the Top 25 Markets, Atlanta, Georgia, posted the largest increase in RevPAR (+19.8% to US$79.61), due primarily to the only double-digit lift in ADR (+11.4% to US$110.34).

Phoenix, Arizona, experienced the largest rise in occupancy (+8.3% to 60.7%).

Chicago, Illinois, registered the second-highest increases in ADR (+8.9% to US$147.40) and RevPAR (+15.4% to US$112.92). 

Overall, 22 of the Top 25 Markets registered growth in RevPAR.

STR analysts note that percentage changes in several markets were negatively affected by a comparison with the week of the Great American Eclipse in 2017. 

St. Louis, Missouri-Illinois, reported the only double-digit decreases in occupancy (-15.7% to 68.0%) and RevPAR (-22.0% to US$74.61), as well as the largest drop in ADR (-7.5% to US$109.65).

Nashville, Tennessee, posted the only other decline in ADR (-2.7% to US$149.88) and the second-largest decrease in RevPAR (-5.8% to US$118.93). 

Dallas, Texas, experienced the second-largest drop in occupancy (-6.8% to 63.2%) and the only other decline in RevPAR (-2.8% to US$64.45).

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