Market Report U.S.

Negative YOY Results for US Hotel Industry for Week Ending September 23rd - 2017

The U.S. hotel industry reported negative performance during the week of 17-23 September 2017, according to STR. Occupancy declined 0.7% to 71.4%, ADR decreased 1.9% to $128.44 and RevPAR dropped 2.5% to $91.76.

The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 17-23 September 2017, according to data from STR.

In comparison with the week of 18-24 September 2016, the industry recorded the following:

  • Occupancy: -0.7% to 71.4%
  • Average daily rate (ADR): -1.9% to US$128.44
  • Revenue per available room (RevPAR): -2.5% to US$91.76

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+37.2% to 87.4%) and RevPAR (+47.8% to US$101.56). Amid recovery from Hurricane Harvey, Houston also posted an ADR increase of 7.7% to US$116.24.

Three additional Top 25 Markets reported a double-digit rise in RevPAR for the week: Tampa/St. Petersburg, Florida (+18.7% to US$90.05); Orlando, Florida (+17.1% to US$81.96); and Nashville, Tennessee (+11.8% to US$137.76)

The two Top 25 Markets that posted the highest increases in ADR were Nashville (+8.7% to US$160.20) and Tampa/St. Petersburg (+8.7% to US$119.13).

Orlando was the only other market to experience a double-digit lift in occupancy (+12.4% to 76.1%).

Minneapolis/St. Paul, Minnesota, reported the only double-digit decline in occupancy (-12.7% to 77.7%) and the largest drop in RevPAR (-20.7% to US$96.84).

San Francisco/San Mateo, California, posted the second-largest decrease in RevPAR (-19.5% to US$220.82), due primarily to the week’s largest decrease in ADR (-17.9% to US$244.15).

Overall, eight Top 25 markets reported a double-digit decline in RevPAR.

View weekly U.S. hotel performance review

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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