The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 13-19 May 2018, according to data from STR.
In comparison with the week of 14-20 May 2017, the industry recorded the following:
• Occupancy: -0.5% to 70.2%
• Average daily rate (ADR): +3.5% to US$132.36
• Revenue per available room (RevPAR): +3.0% to US$92.92
Among the Top 25 Markets, Miami/Hialeah, Florida, experienced the largest jumps in occupancy (+9.9% to 81.4%) and RevPAR (+22.3% to US$149.70). ADR in the market rose 11.3% to US$183.84.
San Francisco/San Mateo, California, posted the largest lift in ADR (+12.5% to US$259.77).
Phoenix, Arizona, reported the second-largest increases in occupancy (+8.1% to 67.1%) and RevPAR (+16.0% to US$81.51).
Overall, 16 of the Top 25 Markets reported an increase in RevPAR.
Orlando, Florida, reported the steepest decline in RevPAR (-16.4% to US$80.90), due primarily to the largest decrease in occupancy (-13.3% to 68.7%). ADR in the market fell 3.6% to US$117.80.
St. Louis, Missouri-Illinois, also reported a 3.6% ADR decrease to US$114.86.
Denver, Colorado, experienced the second-largest drop in occupancy (-8.9% to 76.7%) and the only other double-digit decrease in RevPAR (-10.1% to US$99.31).
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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