The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 October 2017, according to data from STR.
In comparison with the week of 16-22 October 2016, the industry recorded the following:
- Occupancy: +0.9% to 72.8%
- Average daily rate (ADR): +1.7% to US$131.58
- Revenue per available room (RevPAR): +2.6% to US$95.82
Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+23.7% to 86.6%) and RevPAR (+25.9% to US$103.34). Post-Hurricane Harvey demand continues to drive performance levels in the market.
Tampa/St. Petersburg, Florida, reported the only other double-digit increases in occupancy (+11.5% to 78.2%) and RevPAR (+19.3% to US$94.58).
New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.3% to US$176.72).
San Francisco/San Mateo, California, reported the steepest decline in RevPAR (-9.4% to US$215.49), due primarily to the weeks largest drop in ADR (-5.7% to US$243.35).
Dallas, Texas, experienced the largest decrease in occupancy (-4.7% to 74.0%).
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.