The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 12-18 February 2017, according to data from STR.
In a year-over-year comparison with the week of 14-20 February 2016:
- Occupancy: -3.2% to 62.2%
- Average daily rate (ADR): +3.1% to US$124.41
- Revenue per available room (RevPAR): -0.2% to US$77.36
Among the Top 25 Markets, San Francisco/San Mateo, California, recorded the largest year-over-year increase in RevPAR (+43.6% to US$239.06). Performance was driven primarily by the week’s largest rise in ADR (+34.9% to US$276.69), while occupancy in the market rose 6.5% to 86.4%.
Four additional markets saw a double-digit lift in RevPAR: Seattle, Washington (+33.0% to US$105.04); New Orleans, Louisiana (+20.7% to US$155.55); Washington, D.C.-Maryland-Virginia (+15.4% to US$89.50); and Boston, Massachusetts (+13.2% to US$91.70).
After San Francisco/San Mateo, two other markets posted a double-digit increase in ADR: New Orleans (+18.2% to US$197.94) and Seattle (+12.8% to US$137.00).
Seattle experienced the only double-digit increase in occupancy (+17.9% to 76.7%).
Los Angeles/Long Beach, California, reported the steepest declines in ADR (-6.7% to US$169.60) and RevPAR (-14.3% to US$137.64). Occupancy in the market fell 8.1% to 81.2%.
Two markets saw a double-digit decrease in RevPAR: Philadelphia, Pennsylvania-New Jersey (-10.5% to US$67.01), and Dallas, Texas (-10.1% to US$72.13).
Two markets saw a double-digit dip in occupancy: Orlando, Florida (-10.2% to 76.5%), and Dallas (-10.2% to 67.0%).
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.
Logos, product and company names mentioned are the property of their respective owners.