Performance18 August 2017
HENDERSONVILLE, Tennessee – The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 6-12 August 2017, according to data from STR.
In comparison with the week of 7-13 August 2016, the industry recorded the following:
- Occupancy: +0.7% to 73.6%
- Average daily rate (ADR): +1.5% to US$128.39
- Revenue per available room (RevPAR): +2.2% to US$94.46
Among the Top 25 Markets, Phoenix, Arizona, reported the largest year-over-year increase in RevPAR (+16.7% to US$52.68).
Four of the Top 25 Markets also posted double-digit RevPAR increases for the week:Orlando, Florida (+13.2% to US$80.44); Tampa/St. Petersburg, Florida (+12.5% to US$80.39); San Diego, California (+11.0% to US$163.25); and St. Louis, Missouri-Illinois (+11.0% to US$79.49).
St. Louis saw the largest ADR increase (+8.2% to US$108.78).
Two markets registered the only double-digit occupancy growth for the week: Phoenix (+10.2% to 61.8%) and Orlando (+10.2% to 80.2%).
Two markets reported the week’s largest decline in RevPAR: Chicago, Illinois (-7.9% to US$109.42) and Minneapolis/St. Paul, Minnesota-Wisconsin (-7.9% to US$98.59).
Houston, Texas, experienced the largest drop in ADR (-4.2% to US$93.87).
Boston, Massachusetts, saw the largest decline in occupancy (-6.4% to 84.7%).
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STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.