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STR: US hotel results for week ending 18 November

Column: industry Tag: US hotel,US hotel results,STR Published: 2017-11-23 11:30 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 12-18 November 2017, according to data from STR.

In comparison with the week of 13-19 November 2016, the industry recorded the following:

Occupancy: +0.8% to 66.1%

Average daily rate (ADR): +1.9% to US$124.65

Revenue per available room (RevPAR): +2.6% to US$82.42

Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics: occupancy (+27.0% to 80.3%), ADR (+11.0% to US$117.82) and RevPAR (+40.9% to US$94.60).

Miami/Hialeah, Florida, posted the second-highest increase in RevPAR (+22.5% to US$155.08), due primarily to the second-largest increase in occupancy (+11.9% to 83.4%)

Two additional markets saw double-digit RevPAR growth: Denver, Colorado (+18.9% to US$109.72), and Anaheim/Santa Ana, California (+11.7% to US$121.96).

Boston, Massachusetts, reported the steepest declines in ADR (-5.8% to US$196.78) and RevPAR (-9.0% to US$155.54).

Los Angeles/Long Beach, California, experienced the largest drop in occupancy (-6.1% to 77.9%) and the second-largest decrease in RevPAR (-8.4% to US$132.44).

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