SYgle>Industry Information>US Hotel Occupancy Up 4.5 Percent to 56.4 Percent - Week Ending December 16th - 2017

US Hotel Occupancy Up 4.5 Percent to 56.4 Percent - Week Ending December 16th - 2017

Column: industry Tag: STR,US Hotel,US Hotel Occupancy Published: 2017-12-25 14:15 Source: Author:

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from?STR.

In comparison with the week of 11-17 December 2016, the industry recorded the following:

Occupancy: +4.5% to 56.4%

Average daily rate (ADR): +3.5% to US$115.67

Revenue per available room (RevPAR): +8.1% to US$65.24

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in each of the three key performance metrics: occupancy (+39.2% to 72.9%), ADR (+27.7% to US$142.35) and RevPAR (+77.8% to US$103.78). STR analysts note that performance was helped by the American Geophysical Union Fall Meeting (11-15 December).

Atlanta, Georgia, posted the second-highest lift in ADR (+23.3% to US$117.71), which contributed to the second-largest rise in RevPAR (+39.4% to US$79.96).

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

San Francisco/San Mateo, California, reported the only double-digit declines in the three key performance metrics: occupancy (-13.7% to 72.1%), ADR (-10.7% to US$186.69) and RevPAR (-22.9% to US$134.54).

Dallas, Texas, saw the second-largest decreases in occupancy (-5.3% to 59.7%) and RevPAR (-3.4% to US$60.07).

Chicago, Illinois experienced the second-largest drop in ADR (-1.9% to US$111.27).

Previous：Canadian Hotel Occupancy Up 6.9 Percent to 53.4 Percent For Week Ending 16 December 2017

Next：STR: US hotel results for week ending 16 December