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%).
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Source: Hotel Realty Resource / STR / 20 July 2017 / Logos, product and company names mentioned are the property of their respective owners.