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STR: US hotel results for week ending 4 November

Column: industry Tag: US hotel,US hotel results,STR Published: 2017-11-10 11:06 Source: Author:

STR: US hotel results for week ending 4 November
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 29 October through 4 November 2017, according to data from STR.

In comparison with the week of 30 October through 5 November 2016, the industry recorded the following:

·Occupancy: -0.9% to 63.3%

·Average daily rate (ADR): +0.4% to US$124.08

·Revenue per available room (RevPAR): -0.4% to US$78.57

Among the Top 25 Markets, Houston, Texas, reported the largest increase in RevPAR (+40.4% to US$90.28), due primarily to the only double-digit increase in occupancy (+28.2% to 79.1%). Post-Hurricane Harvey demand continues to drive performance levels in the market.

New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.9% to US$183.76), along with the only other double-digit increase in RevPAR (+10.5% to US$144.34).

Chicago, Illinois, reported the steepest declines in ADR (-8.5% to US$145.24) and RevPAR (-18.5% to US$95.65). Occupancy in the market dropped 11.0% to 65.9%.

San Francisco/San Mateo, California, experienced the largest decrease in occupancy (-11.2% to 74.4%) and the second-largest drop in RevPAR (-16.0% to US$156.00).

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