STR: US hotel results for week ending 28 April

2018-05-04 Tag: STR US hotel US hotel results

STR,US hotel,US hotel results,STR: US hotel results for week ending 28 April

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 22-28 April 2018, according to data from STR.

In comparison with the week of 23-29 April 2017, the industry recorded the following:

˙Occupancy: -0.6% to 69.8%

˙ Average daily rate (ADR): +2.3% to US$130.40

˙Revenue per available room (RevPAR): +1.7% to US$91.05

Among the Top 25 Markets, Detroit, Michigan, registered the only double-digit jump in RevPAR (+17.8% to US$89.18), which came as a result of the largest increases in occupancy (+9.1% to 79.3%) and ADR (+8.0% to US$112.47).

Houston, Texas, reported the second-largest increase in RevPAR (+8.5% to US$80.16).

Miami/Hialeah, Florida, experienced the second-highest rise in occupancy (+2.9% to 83.6%).

Overall, 18 of the Top 25 Markets reported growth in RevPAR.

St. Louis, Missouri-Illinois, saw the steepest declines in occupancy (-15.1% to 66.2%) and RevPAR (-22.5% to US$70.20).

Philadelphia, Pennsylvania-New Jersey, reported the only double-digit drop in ADR (-10.8% to US$143.76) and the second-largest decrease in RevPAR (-15.2% to US$111.85).

Orlando, Florida, experienced the second-largest decline in occupancy (-6.4% to 76.0%).

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