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:
- Occupancy: +0.8% to 66.1%
- Average daily rate (ADR): +1.9% to US$124.65
- Revenue per available room (RevPAR): +2.6% to US$82.42
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).
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.
Categories: Hotel Industry News