The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 July 2018, according to data from STR.
In comparison with the week of 16-22 July 2017, the industry recorded the following:
- Occupancy: +0.4% to 78.3%
- Average daily rate (ADR): +2.6% to US$135.18
- Revenue per available room (RevPAR): +3.0% to US$105.83
Among the Top 25 Markets, Chicago, Illinois, reported the largest increase in RevPAR (+21.2% to US$150.09), due primarily to the only double-digit lift in ADR (+13.9% to US$169.84). Occupancy in the market rose 6.4% to 88.4%.
Detroit, Michigan, experienced the highest rise in occupancy (+8.9% to 83.3%) and the second-largest increases in ADR (+9.2% to US$111.67) and RevPAR (+19.0% to US$93.04).
New Orleans, Louisiana, saw the third-highest increase in RevPAR (+9.4% to US$94.95).
Overall, 21 of the Top 25 Markets registered an increase in RevPAR.
Boston, Massachusetts, posted the largest decreases in ADR (-3.7% to US$214.25) and RevPAR (-5.4% to US$190.37).
Seattle, Washington, experienced the steepest drop in occupancy (-3.6% to 89.3%) and the second-largest declines in ADR (-1.1% to US$204.64) and RevPAR (-4.6% to US$182.80).
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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