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Positive YOY Results for US Hotel Industry for Week Ending November 18th – 2017

For the week of 12-18 November 2017, the U.S. hotel industry reported occupancy rose 0.8% to 66.1%, ADR rose 1.9% to $124.65 and RevPAR increased 2.6% to $82.42.

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 November 2017, according to data from STR.

In comparison with the week of 13-19 November 2016, the industry recorded the following:

Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics: occupancy (+27.0% to 80.3%), ADR (+11.0% to US$117.82) and RevPAR (+40.9% to US$94.60).

Miami/Hialeah, Florida, posted the second-highest increase in RevPAR (+22.5% to US$155.08), due primarily to the second-largest increase in occupancy (+11.9% to 83.4%)

Two additional markets saw double-digit RevPAR growth: Denver, Colorado (+18.9% to US$109.72), and Anaheim/Santa Ana, California (+11.7% to US$121.96).

Boston, Massachusetts, reported the steepest declines in ADR (-5.8% to US$196.78) and RevPAR (-9.0% to US$155.54).

Los Angeles/Long Beach, California, experienced the largest drop in occupancy (-6.1% to 77.9%) and the second-largest decrease in RevPAR (-8.4% to US$132.44).

View weekly U.S. hotel performance review

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.

Posted by on November 22, 2017.

Categories: Hotel Industry News

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