The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from STR.
In comparison with the week of 1-7 October 2017, the industry recorded the following:
• Occupancy: -0.9% to 70.9%
• Average daily rate (ADR): +2.4% to US$134.03
• Revenue per available room (RevPAR): +1.5% to US$95.05
Among the Top 25 Markets, New Orleans, Louisiana, registered the largest increases in each of the three key performance metrics: occupancy (+25.9% to 73.5%), ADR (+25.4% to US$168.75) and RevPAR (+57.8% to US$123.99).
New York, New York, saw the second-largest increase in RevPAR (+11.7% to US$309.67).
Philadelphia, Pennsylvania-New Jersey, posted the second-highest rise in occupancy (+5.5% to 80.2%) and the third-largest jump in RevPAR (+11.3% to US$120.77).
Overall, 16 of the Top 25 Markets reported an increase in RevPAR.
Houston, Texas, experienced the steepest declines in occupancy (-26.7% to 62.8%) and RevPAR (-31.5% to US$67.08). Houston’s hotel performance was lifted in the weeks and months that followed Hurricane Harvey in 2017 as properties filled with displaced residents, relief workers, insurance adjustors, media members, etc.
San Francisco/San Mateo, California, posted the only double-digit drop in ADR (-10.6% to US$270.26).
Tampa/St. Petersburg, Florida, saw the second-largest decrease in occupancy (-13.6% to 66.4%), resulting in the third-largest decrease in RevPAR (-14.1% to US$79.16).
Orlando, Florida, registered the second-largest decline in RevPAR (-15.0% to US$92.71), due primarily to the only other double-digit drop in occupancy (-12.0% to 72.8%).
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.