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Positive Performance Metrics for US Hotel Industry for Week Ending March 11th – 2017

The U.S. hotel industry reported occupancy increased 0.8% to 67.4% during the week of 5-11 March. ADR increased 3.9% to $128.61 and RevPAR rose 4.8% to $86.72.

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 5-11 March 2017, according to data from STR.

In a year-over-year comparison with the week of 6-12 March 2016:

Among the Top 25 Markets, Detroit, Michigan, posted the only double-digit rise in occupancy (+20.8% to 76.1%) as well as the largest increases in RevPAR (+29.6% to US$77.05). ADR in the market was up 7.2% to US$101.30.

Denver, Colorado, matched for the week’s top ADR percentage increase (+7.2% to US$123.16) and recorded the second-largest spike in RevPAR (+16.1% to US$93.29).

Two additional markets experienced a double-digit climb in RevPAR for the week: Minneapolis/St. Paul, Minnesota-Wisconsin (+12.8% to US$76.29), and San Francisco/San Mateo, California (+12.3% to US$183.05).

Houston, Texas, saw the only double-digit declines in occupancy (-10.2% to 66.6%) and RevPAR (-14.8% to US$73.09). ADR in the market was down 5.1% to US$109.70.

Chicago, Illinois, was the only other Top 25 Market to show a double-digit decrease in RevPAR (-12.6% to US$74.40).

Miami/Hialeah, Florida, reported the week’s largest year-over-year drop in ADR (-5.7% to US$223.99) despite having the highest absolute value in the metric.

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 March 16, 2017.

Categories: Trends

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