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STR: US hotel results for week ending 11 November

Column: industry Tag: US hotel,US hotel results,STR Published: 2017-11-17 14:56 Source: Author:

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 5-11 November 2017, according to data from STR.

In comparison with the week of 6-12 November 2016, the industry recorded the following:

Occupancy: +4.9% to 68.5%

Average daily rate (ADR): +4.8% to US$128.92

Revenue per available room (RevPAR): +10.0% to US$88.26

According to STR analysts, performance growth for the week was lifted due to a comparison with the week that included Election Day in 2016.

Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increase in RevPAR (+60.2% to US$297.04), due primarily to the largest lift in ADR (+54.7% to US$331.87).

Houston, Texas, experienced the largest increase in occupancy (+31.9% to 82.9%) and the second-highest increase in RevPAR (+45.1% to US$95.00).

Four additional markets saw RevPAR growth of more than 20.0%: Miami/Hialeah, Florida (+24.9% to US$161.21); Denver, Colorado (+23.6% to US$99.94); Orlando, Florida (+23.4% to US$103.27); and New Orleans, Louisiana (+21.9% to US$137.36).

Overall, seven of the Top 25 Markets experienced double-digit growth in occupancy, while 15 of the Top 25 Markets reported a double-digit increase in RevPAR.

Seattle, Washington, experienced the only declines in occupancy (-5.4% to 78.6%) and RevPAR (-5.7% to US$116.64).

Two Top 25 Markets reported decreases in ADR: Chicago, Illinois (-1.7% to US$165.37), and Seattle (-0.2% to US$148.47).

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