Positive YOY Results for US Hotel Industry for Week Ending January 27th – 2018
The U.S. hotel industry reported occupancy rose 0.6% to 58.2% during the week of 21-27 January. ADR rose 3.9% to $124.72 and RevPAR increased 4.5% to $72.55 during the week.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 21-27 January 2018, according to data from STR.
In comparison with the week of 22-28 January 2017, the industry recorded the following:
- Occupancy: +0.6% to 58.2%
- Average daily rate (ADR): +3.9% to US$124.72
- Revenue per available room (RevPAR): +4.5% to US$72.55
Among the Top 25 Markets, Chicago, Illinois, reported the largest increase in RevPAR (+44.7% to US$75.39), due primarily to the largest increase in occupancy (+23.6% to 60.0%). ADR in the market rose 17.1% to US$125.56
Anaheim/Santa Ana, California, posted the highest lift in ADR (+19.9% to US$167.41), resulting in the second-largest jump in RevPAR (+34.6% to US$132.18).
Houston, Texas, experienced the second-largest increase in occupancy (+13.9% to 70.5%), and a double-digit rise in RevPAR (+12.7% to US$78.42).
Overall, 17 of the Top 25 Markets reported RevPAR growth during the week.
New Orleans, Louisiana, reported the only double-digit decrease in ADR (-18.7% to US$143.48) and the largest decline in RevPAR (-24.9% to US$92.08).
Washington, D.C.-Maryland-Virginia, posted the second-largest declines in occupancy (-10.8% to 53.6%) and RevPAR (-13.4% to US$74.47).
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.