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US hotel results for week ending 30 June

2018-07-09 Tag: US hotel

US hotel ,US hotel results for week ending 30 June

 

In comparison with the week of 25 June through 1 July 2017, the industry recorded the following:

• Occupancy: +2.1% to 75.8%
• Average daily rate (ADR): +3.1% to US$131.36
• Revenue per available room (RevPAR): +5.2% to US$99.59

Among the Top 25 Markets, Detroit, Michigan, reported the largest increases in each of the three key performance metrics: occupancy (+20.2% to 86.3%), ADR (+12.9% to US$114.17) and RevPAR (+35.7% to US$98.52).

Atlanta, Georgia, posted the second-largest lift in ADR (+12.1% to US$111.18), which helped push the second-highest increase in RevPAR (+21.0% to US$84.65).

Philadelphia, Pennsylvania-New Jersey, experienced the only other double-digit increase in occupancy (+10.8% to 80.9%) and the third-largest rise in RevPAR (+20.7% to US$110.58).

Overall, 22 of the Top 25 Markets reported an increase in RevPAR.

New Orleans, Louisiana, registered the only double-digit declines in ADR (-17.0% to US$127.48) and RevPAR (-16.7% to US$89.61).

Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the steepest drop in occupancy (-3.2% to 82.1%) and the second-largest decrease in RevPAR (-3.4% to US$105.86).