SYgle>Industry Information>US Hotel Occupancy Flat at 70.6 Percent - Week Ending May 20th - 2017

US Hotel Occupancy Flat at 70.6 Percent - Week Ending May 20th - 2017

Column: industry Tag: US Hotel,US Hotel Occupancy,U.S. hotel industry Published: 2017-05-26 15:48 Source: Author:

The U.S. hotel industry reported flat occupancy and slightly higher rates year over year during the week of 14-20 May 2017, according to data from?STR.

In comparison with the week of 15-21 May 2016, the industry recorded the following in the three key performance metrics:

Occupancy: Flat at 70.6%

Average daily rate (ADR): +1.5% to US$127.91

Revenue per available room (RevPAR): +1.5% to US$90.26

STR analysts note that occupancy for the week was pulled down due to comparison with a non-Mother’s Day Sunday in 2016.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, registered the only double-digit lift in occupancy (+12.8% to 69.5%) and the largest year-over-year increase in RevPAR (+20.7% to US$72.04). ADR in the market rose 7.0% to US$103.64.

Three additional markets saw a double-digit increase in RevPAR: Detroit, Michigan (+11.6% to US$76.49); Seattle, Washington (+10.6% to US$147.88); and St. Louis, Missouri-Illinois (+10.5% to US$93.82).

Growth in St. Louis was driven primarily by the week’s largest increase in ADR (+9.9% to US$119.51).

Phoenix, Arizona, saw the week’s steepest decline in occupancy (-8.7% to 62.1%).

New Orleans, Louisiana, reported the largest decreases in ADR (-6.4% to US$145.67) and RevPAR (-14.4% to US$103.10).

Two additional markets experienced a double-digit drop in RevPAR: Miami/Hialeah, Florida (-11.8% to US$121.70), and San Francisco/San Mateo, California (-10.1% to US$206.84).

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