US hotel results for March 24

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 March 2018, according to data from STR.

In comparison with the week of 19-25 March 2017, the industry recorded the following:
•Occupancy: +1.0 at 69.4%
•Average daily rate (ADR): +4.4% to US$133.42
•Revenue per available room (RevPAR): +5.4% to US$92.53

STR analysts note that performance in many major markets was boosted by strong group business, which moved out of the week of 25-31 March due to an earlier Easter.

Among the Top 25 Markets, San Francisco/San Mateo, California, reported the highest increase in RevPAR (+29.3% to US$227.95), due primarily to the largest lift in ADR (+20.7% to US$256.94).

New Orleans, Louisiana, experienced the highest increase in occupancy (+8.8% to 84.5%) and a double-digit rise in RevPAR (+19.3% to US$144.29).

Miami/Hialeah Florida, posted the second-largest jump in ADR (+16.1% to US$295.35) and the second-largest increase in RevPAR (+21.4% to US$265.56).

Overall, 20 of the Top 25 Markets reported increases in RevPAR.

Los Angeles/Long Beach, California, experienced the largest decrease in occupancy (-7.3% to 81.0%), resulting in the steepest decline in RevPAR (-7.4% to US$144.24),

Denver, Colorado, reported the largest drop in ADR (-1.4% to US$121.13).

Anaheim/Santa Ana, California, reported the second-largest declines in occupancy (-6.8% to 77.9%) and RevPAR (-5.9% to US$124.18).