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STR: US hotel results for week ending 19 August

Column: industry Tag: US hotel,US hotel industry,August Published: 2017-08-25 13:41 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 13-19 August 2017, according to data from STR.

　　In comparison with the week of 14-20 August 2016, the industry recorded the following:

　　·Occupancy: +1.4% to 72.3%

　　·Average daily rate (ADR): +2.1% to US$127.12

　　·Revenue per available room (RevPAR): +3.5% to US$91.85

　　Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest year-over-year increases in occupancy (+8.4% to 69.2%) and RevPAR (+18.3% to US$73.84). ADR in the market rose 9.1% to US$106.66.

　　Nashville, Tennessee, posted the only other double-digit increase in RevPAR (+11.3% to US$115.76), due to the only double-digit rise in ADR (+11.2% to US$147.81) in the Top 25.

　　Philadelphia, Pennsylvania-New Jersey, experienced the largest drop in each of the three key performance metrics: occupancy (-6.2% to 73.2%), ADR (-5.2% to US$120.50) and RevPAR (-11.1% to US$88.19).

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