Positive YOY Results for US Hotel Industry for Week Ending December 23rd – 2017
During the week of 17-23 December, the U.S. hotel industry reported occupancy rose 7.1% to 45.1%, while ADR increased 0.5% to $106.97 and RevPAR rose 7.6% to $48.28.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 December 2017, according to data from STR.
In comparison with the week of 18-24 December 2016, the industry recorded the following:
- Occupancy: +7.1% to 45.1%
- Average daily rate (ADR): +0.5% to US$106.97
- Revenue per available room (RevPAR): +7.6% to US$48.28
Among the Top 25 Markets, Houston, Texas, reported the largest increase in each of the three key performance metrics: occupancy (+33.5% to 50.9%), ADR (+17.3% to US$92.28) and RevPAR (+56.7% to US$47.00).
New Orleans, Louisiana, posted the second-highest rise in RevPAR (+24.4% to US$49.19), due primarily to the second-largest increase in occupancy (+17.3% to 45.7%).
Nashville, Tennessee, reported the only other double-digit jump in ADR (+11.6% to US$110.54), which helped push double-digit growth in RevPAR (+23.5% to US$50.48).
Overall, 13 of the Top 25 Markets reported double-digit increases in RevPAR.
Oahu Island, Hawaii, reported the largest declines in the three key performance metrics: occupancy (-4.7% to 76.0%), ADR (-5.7% to US$242.60) and RevPAR (-10.1% to US$184.39).
San Diego, California, saw the second-largest decreases in ADR (-1.9% to US$106.84) and RevPAR (-4.6% to US$52.90).
Anaheim/Santa Ana, California, experienced the second-largest drop in occupancy (-2.8% to 58.5%).
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.