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STR: US hotel results for week ending 9 December

Column: industry Tag: US hotel,US hotel industry,US hotel performance Published: 2017-12-15 14:55 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 3-9 December 2017, according to data from STR.

In comparison with the week of 4-10 December 2016, the industry recorded the following:

Occupancy: +2.7% to 60.7%

Average daily rate (ADR): +4.0% to US$125.07

Revenue per available room (RevPAR): +6.8% to US$75.97

Among the Top 25 Markets, Miami/Hialeah, Florida, reported the largest increase in RevPAR (+83.0% to US$234.96), due primarily to the largest lift in ADR (+57.4% to US$272.55). While hosting Art Basel, the market experienced the second-highest rise in occupancy (+16.3% to 86.2%).

Houston, Texas, saw the largest increase in occupancy (+17.5% to 73.5%), which produced double-digit growth in RevPAR (+22.6% to US$81.63).

Atlanta, Georgia, posted the second-highest lift in ADR (+22.2% to US$128.70), which contributed to the second-largest rise in RevPAR (+33.2% to US$94.08).

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

San Diego, California, reported the only double-digit declines in ADR (-13.8% to US$130.67) and RevPAR (-17.9% to US$91.88).

Washington, D.C.-Maryland-Virginia, experienced the largest drop in occupancy (-5.5% to 66.9%) and the second-largest decrease in RevPAR (-6.7% to US$99.42).

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