STR: U.S. hotel results for week ending 2 June
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 27 May through 2 June 2018, according to data from STR.
In comparison with the week of 28 May through 3 June 2017, the industry recorded the following:
- Occupancy: +0.1 percent to 64.1 percent
- Average daily rate (ADR): +2.1 percent to US$122.58
- Revenue per available room (RevPAR): +2.3 percent to US$78.61
Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in each of the three key performance metrics: occupancy (+12.4 percent to 73.7 percent), ADR (+12.1 percent to US$144.96) and RevPAR (+26.0 percent to US$106.85).
Houston, Texas, experienced the second-largest rises in occupancy (+11.5 percent to 61.2 percent) and ADR (+9.9 percent to US$97.89), which resulted in the second-highest jump in RevPAR (+22.6 percent to US$59.90).
Minneapolis/St. Paul, Minnesota-Wisconsin, registered the third-largest increase in RevPAR (+15.6 percent to US$71.14), due primarily to the only other double-digit lift in occupancy (+10.2 percent to 63.9 percent).
Overall, 16 of the Top 25 Markets reported an increase in RevPAR.
Denver, Colorado, reported the only double-digit decrease in RevPAR (-11.2 percent to US$88.02), due in part to the largest decline in ADR (-3.8 percent to US$122.81).
Tampa/St. Petersburg, Florida, experienced the steepest decline in occupancy (-8.0 percent to 59.4 percent) and the second-largest decrease in RevPAR (-6.7 percent to US$70.00).