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STR: US hotel results for week ending 30 December

Column: industry Tag: US hotel,STR,US hotel industry,US hotel results Published: 2018-01-08 14:36 Source: Author:

STR: US hotel results for week ending 30 December
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 24-30 December 2017, according to data from STR.

In comparison with the week of 25-31 December 2016, the industry recorded the following:

Occupancy: -5.4% to 51.6%

Average daily rate (ADR): -1.4% to US$131.56

Revenue per available room (RevPAR): -6.7% to US$67.90

Negative results were attributable to a comparison with the week that included New Year’s Eve in 2016.

Among the Top 25 Markets, Houston, Texas, reported the only double-digit increases in occupancy (+17.3% to 48.8%) and RevPAR (+27.9% to US$43.09). Houston also posted the largest rise in ADR (+9.0% to US$88.25).

Orlando, Florida, posted the second-largest increase in RevPAR (+9.5% to US$147.41).

St. Louis. Missouri-Illinois, saw the largest decrease in RevPAR (-20.8% to US$33.45), due mostly to the second-worst decline in occupancy (-13.8% to 40.8%).

Chicago, Illinois, reported the largest drop in ADR (-11.5% to US$98.91), resulting in the second-largest decrease in RevPAR (-17.9% to US$43.46).

Nashville, Tennessee, experienced the steepest decline in occupancy (-14.2% to 55.0%) and a double-digit decrease in RevPAR (-16.5% to US$73.25).

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