STR: U.S. hotel results for week ending 23 June
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 June 2018, according to data from STR.
In comparison with the week of 18-24 June 2017, the industry recorded the following:
- Occupancy: +0.1 percent to 75.9 percent
- Average daily rate (ADR): +2.9 percent to US$133.28
- Revenue per available room (RevPAR): +3.0 percent to US$101.12
Among the Top 25 Markets, Orlando, Florida, posted the largest jump in RevPAR (+15.3 percent to US$104.69), due primarily to the highest increase in ADR (+9.9 percent to US$125.71).
Houston, Texas, experienced the largest rise in occupancy (+6.1 percent to 65.5 percent) and the second-largest increase in RevPAR (+14.2 percent to US$69.77).
New York, New York, reported the only other double-digit increase in RevPAR (+11.5 percent to US$263.42), due mostly to the second-largest lift in ADR (+9.8 percent to US$286.60).
Overall, 19 of the Top 25 Markets reported an increase in RevPAR.
New Orleans, Louisiana, registered the only double-digit decline in ADR (-14.2 percent to US$140.32) and the largest decrease in RevPAR (-19.4 percent to US$99.55). Occupancy in the market fell 6.1 percent to 70.9 percent.
St. Louis, Missouri-Illinois, experienced the steepest decline in occupancy (-6.9 percent to 77.0 percent) and the only other double-digit decrease in RevPAR (-10.3 percent to US$85.48).