The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR.
In comparison with the week of 27 August through 2 September 2017, the industry recorded the following:
• Occupancy: +1.6% to 67.0%
• Average daily rate (ADR): +3.0% to US$125.16
• Revenue per available room (RevPAR): +4.6% to US$83.88
Among the Top 25 Markets, St. Louis, Missouri-Illinois, registered the highest jump in RevPAR (+21.1% to US$70.51), driven by the second-largest increases in occupancy (+12.2% to 66.4%) and ADR (+8.0% to US$106.20).
New Orleans, Louisiana, experienced the highest rise in occupancy (+17.1% to 53.6%) and the second-largest increase in RevPAR (+14.4% to US$61.00).
Orlando, Florida, posted the largest lift in ADR (+8.4% to US$105.61).
Overall, 19 of the Top 25 Markets registered an increase in RevPAR.
In comparison with the week that followed the landfall of Hurricane Harvey in 2017, Houston, Texas, reported the steepest declines in ADR (-4.2% to US$95.94) and RevPAR (-19.2% to US$55.94). The market also matched for the largest drop in occupancy (-15.6% to 58.3%).
Dallas, Texas, registered the other largest decrease in occupancy (-15.6% to 62.8%) and the second-largest decline in RevPAR (-16.2% to US$62.70).
Oahu Island, Hawaii, experienced the second-largest drop in occupancy (-6.9% 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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