Positive YOY Results for US Hotel Industry for Week Ending May 12th - 2018
The U.S. hotel industry reported occupancy rose 0.8% to 68.5% during the week of 6-12 May. ADR rose 3.5% to $130.06 and RevPAR increased 4.4% to $89.03.
More than 60 percent of the citys hotel supply is in the upscale and luxury category, but with a plethora of launches over the past 12 months and a strong pipeline of openings, the market is not only growing but its also evolving as developers and operators put their own twist on luxury.
Results from STRs 2018 HOST Almanac indicate that U.S. hotel industry revenues topped an estimated $208 billion in 2017, which was an increase of $10 billion from 2016. The total revenue figure and a total industrywide house profit of $77 billion were each all-time highs for the industry.
This market pulse provides an overview of the tourism and hotel market in Stockholm, Sweden. This snapshot discusses recent tourism trends, the impact of new supply on performance and provides a summary of the extensive hotel pipeline.