Global Travel Media » Blog Archive » STR: U.S. hotel results for week ending 25 August

Home » Hotel Trends » Currently Reading:

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).



Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global travel media endorses the following travel Publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS

%d bloggers like this:
%d bloggers like this:
sitemap