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STR: US hotel results for week ending 25 November

Column: industry Tag: US hotel,US hotel results,STR Published: 2017-12-01 13:28 Source: Author:

STR: US hotel results for week ending 25 November
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 November 2017, according to data from STR.

In comparison with the week of 20-26 November 2016, the industry recorded the following:

˙Occupancy: +1.4% to 51.4%

˙Average daily rate (ADR): +2.0% to US$109.99

˙Revenue per available room (RevPAR): +3.4% to US$56.52

Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics: occupancy (+32.8% to 56.0%), ADR (+16.0% to US$92.58) and RevPAR (+54.1% to US$51.86).

Boston, Massachusetts, experienced the only other double-digit increase in occupancy (+10.6% to 54.3%), which produced double-digit growth in RevPAR (+11.7% to US$72.98).

Orlando, Florida, posted the second-highest lift in ADR (+9.6% to US$111.23), which contributed to a double-digit rise in RevPAR (+18.2% to US$79.10).

Overall, six of the Top 25 Markets reported double-digit increases in RevPAR.

Dallas, Texas, experienced the steepest declines in occupancy (-6.7% to 50.0%) and RevPAR (-5.5% to US$43.18).

Two markets reported the largest drop in ADR: New Orleans, Louisiana (-2.4% to US$128.59), and Chicago, Illinois (-2.4% to US$112.85).

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