USA Hotel Occupancy Down Slightly 0.1 Percent to 77.4 Percent
In comparison with the week of 10-16 July 2016:
- Occupancy: -0.1% to 77.4%
- Average Daily Rate (ADR): +1.7% to US$130.76
- Revenue Per Available Room (RevPAR): +1.6% to US$101.15
Amongst the Top 25 Markets, New Orleans, Louisiana, registered the largest year-over-year increase in RevPAR (+12.7% to US$88.03), due primarily to the week’s only double-digit rise in ADR (+10.9% to US$129.79). Two additional markets recorded a double-digit lift in RevPAR for the week: Washington, D.C.-Maryland-Virginia (+11.9% to US$141.83), and Tampa/St. Petersburg, Florida (+11.4% to US$92.64). Tampa/St. Petersburg saw the week’s largest increase in occupancy (+5.6% to 77.6%).
The week’s three largest RevPAR decreases were reported in: Dallas, Texas (-7.9% to US$76.61); Chicago, Illinois (-7.7% to US$121.41); and Philadelphia, Pennsylvania-New Jersey (-6.8% to US$104.92). Amongst those markets, Chicago reported the largest decrease in ADR (-5.5% to US$146.29), while Dallas experienced the largest decline in occupancy (-6.8% to 74.5%).
Weekly USA 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. In 2012, STR was ranked on Inc. 5000 list of America’s fastest-growing private companies.
Source: Hotel Realty Resource / STR / 20 July 2017 / Logos, product and company names mentioned are the property of their respective owners.
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