Market Report U.S.

Positive Performance Metrics for US Hotel Industry for Week Ending September 24th - 2016

In comparison with the week that included both holidays, the industry’s occupancy increased 2.6% to 72.0%. Average daily rate (ADR) was up 6.3% to US$130.52. Revenue per available room (RevPAR) grew 9.0% to US$94.00.

The U.S. hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 18-24 September 2016, according to data from STR.

STR analysts note that the week’s results were heavily affected by the Yom Kippur (23 September 2015) and Eid al-Adha (24 September 2015) calendar shift and a subsequent performance jump in the Group segment.

In comparison with the week that included both holidays, the industry’s occupancy increased 2.6% to 72.0%. Average daily rate (ADR) was up 6.3% to US$130.52. Revenue per available room (RevPAR) grew 9.0% to US$94.00.

Five Top 25 Markets reported a year-over-year RevPAR increase of more than 20.0%: Washington, D.C.-Maryland-Virginia (+30.2% to US$153.38); San Diego, California (+24.6% to US$129.15); Phoenix, Arizona (+24.5% to US$79.53); Chicago, Illinois (+23.9% to US$141.49); and San Francisco/San Mateo, California (+22.1% to US$274.65). Overall, 12 of the Top 25 Markets experienced a double-digit lift in RevPAR for the week.

Eight markets posted a double-digit rise in ADR, two of which recorded an increase of more than 15.0% in the metric: San Francisco/San Mateo (+23.3% to US$297.78) and Washington, D.C. (+16.0% to US$179.92).

Philadelphia, Pennsylvania-New Jersey, saw the largest increase in occupancy (+12.4% to 77.9%) but the only double-digit declines in ADR (-21.2% to US$138.33) and RevPAR (-11.4% to US$107.73).

Two other markets experienced a double-digit increase in occupancy: Washington, D.C. (+12.2% to 85.3%) and San Diego (+12.1% to 82.5%).

Houston, Texas (-7.6% to 63.7%), reported the steepest drop in occupancy.

View weekly U.S. hotel performance review

About STR

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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