Positive YOY Results for US Hotel Industry for Week Ending November 25th – 2017
The U.S. hotel industry reported positive year-over-year performance during the week of 19-25 November. Occupancy increased 1.4% to 51.4%, ADR rose 2% to $109.99 and RevPAR grew 3.4% to $56.52.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 November 2017, according to data from STR.
In comparison with the week of 20-26 November 2016, the industry recorded the following:
• Occupancy: +1.4% to 51.4%
• Average daily rate (ADR): +2.0% to US$109.99
• Revenue per available room (RevPAR): +3.4% to US$56.52
Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics: occupancy (+32.8% to 56.0%), ADR (+16.0% to US$92.58) and RevPAR (+54.1% to US$51.86).
Boston, Massachusetts, experienced the only other double-digit increase in occupancy (+10.6% to 54.3%), which produced double-digit growth in RevPAR (+11.7% to US$72.98).
Orlando, Florida, posted the second-highest lift in ADR (+9.6% to US$111.23), which contributed to a double-digit rise in RevPAR (+18.2% to US$79.10).
Overall, six of the Top 25 Markets reported double-digit increases in RevPAR.
Dallas, Texas, experienced the steepest declines in occupancy (-6.7% to 50.0%) and RevPAR (-5.5% to US$43.18).
Two markets reported the largest drop in ADR: New Orleans, Louisiana (-2.4% to US$128.59), and Chicago, Illinois (-2.4% to US$112.85).
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.