Market Report U.S.

Positive YOY Results for US Hotel Industry for Week Ending October 14th - 2017

During the week of 8-14 October 2017, the U.S. hotel industry reported occupancy rose 2.4% to 72.3%, and a 5.3% ADR lift to $130.83 pushed RevPAR up 7.8% to $94.58.

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 8-14 October 2017, according to data from STR.

In comparison with the week of 9-15 October 2016, the industry recorded the following:

  • Occupancy: +2.4% to 72.3%
  • Average daily rate (ADR): +5.3% to US$130.83
  • Revenue per available room (RevPAR): +7.8% to US$94.58

STR analysts note that U.S. performance growth was lifted due to a comparison with a Jewish holiday time period last year.

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+37.3% to 85.2%) and RevPAR (+57.0% to US$99.76).

Two additional markets saw RevPAR growth of more than 25.0% for the week: Washington, D.C.-Maryland-Virginia (+36.3% to US$160.43), and Dallas, Texas (+26.2% to US$96.26). Overall, 11 Top 25 Markets posted a double-digit lift in the metric.

Washington, D.C. posted the highest jump in ADR (+23.3% to US$196.22), followed by Houston (+14.4% to US$117.02) and Dallas (+14.3% to US$121.16). In total, six Top 25 Markets registered double-digit growth in the metric.

After Houston, three other markets experienced a double-digit rise in occupancy: Miami/Hialeah, Florida (+15.9% to 77.2%), Washington, D.C. (+10.6% to 81.8%) and Dallas (+10.4% to 79.4%).

Norfolk/Virginia Beach, Virginia, reported the steepest declines in occupancy (-8.6% to 60.2%) and RevPAR (-8.1% to US$55.52).

Tampa/St. Petersburg, Florida, reported the largest decrease in ADR (-4.5% to US$115.54).

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.



Logos, product and company names mentioned are the property of their respective owners.

Request Information from this organization

Please click the link below to request more information from the organization or company featured in this article.

Request Information from STR