The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 5-11 August 2018, according to data from STR.
In comparison with the week of 6-12 August 2017, the industry recorded the following:
Occupancy: +2.0% to 75.2%
Average daily rate (ADR): +3.0% to US$132.02
Revenue per available room (RevPAR): +5.1% to US$99.22
Among the Top 25 Markets, PGA Championship host St. Louis, Missouri-Illinois, registered the largest increases in each of the three key performance metrics: occupancy (+10.0% to 80.6%), ADR (+13.7% to US$122.89) and RevPAR (+25.1% to US$99.06).
Nashville, Tennessee, experienced the second-highest rise in occupancy (+8.6% to 80.8%) and RevPAR (+19.9% to US$119.56). The ADR increase in the market was the third-largest (+10.5% to US$147.98).
Chicago, Illinois, posted the second-highest lift in ADR (+10.6% to US$155.89) and the third-largest increase in RevPAR (+16.1% to US$126.77).
Overall, 21 of the Top 25 Markets registered an increase in RevPAR.
Dallas, Texas, reported the steepest declines in occupancy (-5.4% to 67.0%) and RevPAR (-2.8% to US$69.09).
None of the Top 25 Markets posted a decrease in ADR, however, Los Angeles/Long Beach, California, saw flat ADR at US$199.78.
Washington, D.C.-Maryland-Virginia, registered the second-largest decrease in RevPAR (-0.8% to US$102.37).
Orlando, Florida, experienced the second-largest drop in occupancy (-4.6% to 76.6%).
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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