Market Report U.S.

US Hotel Occupancy Up 3.0 Percent to 69.5 Percent - Week Ending August 26th - 2017

Average daily rate up 3.2 Percent to US$125.57
Solar Eclipse 2017 - Photo by Bryan Minear on Unsplash
Smaller Cities Report Greater Hotel Impact During Great American Eclipse

STR

Hotels in the Great American Eclipse path of totality reported a 244% increase in revenue per available room (RevPAR) on the night before the event, according to an analysis by STR’s Consulting and Analytics team.

In the three days leading up to the eclipse, hotels in the path of totality reported an 87% RevPAR increase.

“There was simply no modern comparison for this event, so while performance increases were expected, we weren’t sure to what extent hotels would capitalize on what ended up being a two-minute event,” said Carter Wilson, STR’s VP of consulting and analytics. “In the end, the cities with limited hotel supply, like Hopkinsville, Kentucky, for instance, showed the greatest gains, while major cities, like Nashville, were lower on the RevPAR increase list. On average across the path of totality, Sunday night occupancy increases were more pronounced than rate gains, and that was enough to lift performance results for the entire country last week.

Largest 15 cities

(path of totality)

RevPAR increase (20 August)
Nashville, TN +165%
St. Louis, MO +268%
Kansas City, MO +135%
Columbia, SC +398%
Greenville, SC +233%
Charleston, SC +196%
North Charleston, SC +188%
Lincoln, NE +321%
Columbia, MO +454%
Bowling Green, KY +236%
Murfreesboro, TN +155%
Casper, WY +766%
Clarksville, TN +339%
Idaho Falls, ID +501%
Salem, OR +374%

Other key findings of the analysis include:

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.



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