STR: U.S. hotel results for week ending 6 January
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 31 December 2017 through 6 January 2018, according to data from STR.
In comparison with the week of 1-6 January 2017, the industry recorded the following:
- Occupancy: +3.6 percent to 48.7 percent
- Average daily rate (ADR): +5.8 percent to US$124.33
- Revenue per available room (RevPAR): +9.6 percent to US$60.59
Opposite of the prior week, performance growth was boosted by a comparison with the week that did not include New Year’s Eve in 2016.
Among the Top 25 Markets, the top RevPAR increases were reported in Orlando, Florida(+36.7 percent to US$116.34), and New Orleans, Louisiana (+35.0 percent to US$110.50).
New York, New York, posted the largest lift in ADR (+23.8 percent to US$222.68), which pushed the third-largest jump in RevPAR (+34.0 percent to US$171.41).
San Diego, California, experienced the highest rise in occupancy (+19.4 percent to 62.9 percent). RevPAR in the market grew 31.4 percent to US$79.95.
Overall, 17 of the Top 25 Markets reported double-digit increases in RevPAR.
Tampa/St. Petersburg, Florida, reported the largest decrease in ADR (-6.1 percent to US$124.60) and the only decline in RevPAR (-5.5 percent to US$78.28).
The only two drops in occupancy were seen in Denver, Colorado (-0.9 percent to 49.7 percent), and St. Louis, Missouri (-0.8 percent to 42.2 percent).