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STR: US hotel results for week ending 30 September

Column: industry Tag: US hotel,US hotel results,US hotel industry Published: 2017-10-09 15:07 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 24-30 September 2017, according to data from STR.

In comparison with the week of 25 September through 1 October 2016, the industry recorded the following:

Occupancy: +0.4% to 70.3%

Average daily rate (ADR): +0.8% to US$128.29

Revenue per available room (RevPAR): +1.2% to US$90.13

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+42.9% to 86.7%) and RevPAR (+55.6% to US$100.59). Amid recovery from Hurricane Harvey, Houston also posted the second-largest ADR increase (+8.9% to US$116.08).

Orlando, Florida, posted the second-highest lift in occupancy (+18.0% to 83.3%), that coupled with the only double-digit increase in ADR (+17.9% to US$125.34), led the second-largest jump in RevPAR (+39.0% to US$104.36).

Tampa/St. Petersburg, Florida, reported the only other double-digit increases in occupancy (+10.3% to 71.1%) and RevPAR (+16.9% to US$80.62).

Minneapolis/St. Paul Minnesota-Wisconsin, posted the largest decreases in all three key performance metrics: occupancy (-11.6% to 75.7%), ADR (-31.0% to US$125.43) and RevPAR (-39.0% to US$94.95).

Two additional Top 25 Markets reported double-digit decreases in RevPAR: New Orleans, Louisiana (-21.2% to US$96.41), and Atlanta, Georgia (-17.2% to US$83.37).

New Orleans posted the only other double-digit decrease in ADR (-13.4% to US$137.68).

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