Positive Performance Metrics for US Hotel Industry for Week Ending May 13th - 2017
The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 7-13 May 2017, according to data from STR.
In comparison with the week of 8-14 May 2016, the industry reported the following:
- Occupancy: -0.1% to 67.9%
- Average daily rate (ADR): +2.1% to US$125.64
- Revenue per available room (RevPAR): +2.0% to US$85.34
Opposite from last week, STR analysts note that occupancy was considerably lower on Friday and Saturday due to a comparison with a non-Mother’s Day weekend a year ago.
Among the Top 25 Markets, Orlando, Florida, posted the largest year-over-year increases across the three key performance metrics. Occupancy grew 14.1% to 76.2%, ADR was up 13.1% to US$118.89 and RevPAR rose 29.0% to US$90.66.
Four additional markets experienced a double-digit lift in RevPAR for the week: St. Louis, Missouri-Illinois (+18.7% to US$82.60); Seattle, Washington (+15.1% to US$137.83); Philadelphia, Pennsylvania-New Jersey (+14.8% to US$129.13); and Denver, Colorado (+13.9% to US$108.08).
While no markets outside of Orlando reported double-digit growth in occupancy for the week, three did record a double-digit increase in ADR: St. Louis (+12.5% to US$113.48), Seattle (+11.9% to US$168.36) and Philadelphia (+10.7% to US$160.86).
Houston, Texas, saw the week’s steepest declines in occupancy (-7.6% to 61.5%) and RevPAR (-13.1% to US$63.52).
New Orleans, Louisiana, reported the largest drop in ADR (-7.2% to US$151.53).
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.