The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 December 2017, according to data from STR.
In comparison with the week of 4-10 December 2016, the industry recorded the following:
- Occupancy: +2.7% to 60.7%
- Average daily rate (ADR): +4.0% to US$125.07
- Revenue per available room (RevPAR): +6.8% to US$75.97
Among the Top 25 Markets, Miami/Hialeah, Florida, reported the largest increase in RevPAR (+83.0% to US$234.96), due primarily to the largest lift in ADR (+57.4% to US$272.55). While hosting Art Basel, the market experienced the second-highest rise in occupancy (+16.3% to 86.2%).
Houston, Texas, saw the largest increase in occupancy (+17.5% to 73.5%), which produced double-digit growth in RevPAR (+22.6% to US$81.63).
Atlanta, Georgia, posted the second-highest lift in ADR (+22.2% to US$128.70), which contributed to the second-largest rise in RevPAR (+33.2% to US$94.08).
Overall, nine of the Top 25 Markets reported double-digit increases in RevPAR.
San Diego, California, reported the only double-digit declines in ADR (-13.8% to US$130.67) and RevPAR (-17.9% to US$91.88).
Washington, D.C.-Maryland-Virginia, experienced the largest drop in occupancy (-5.5% to 66.9%) and the second-largest decrease in RevPAR (-6.7% to US$99.42).
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.