The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 29 October through 4 November 2017, according to data from STR.
In comparison with the week of 30 October through 5 November 2016, the industry recorded the following:
• Occupancy: -0.9% to 63.3%
• Average daily rate (ADR): +0.4% to US$124.08
• Revenue per available room (RevPAR): -0.4% to US$78.57
Among the Top 25 Markets, Houston, Texas, reported the largest increase in RevPAR (+40.4% to US$90.28), due primarily to the only double-digit increase in occupancy (+28.2% to 79.1%). Post-Hurricane Harvey demand continues to drive performance levels in the market.
New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.9% to US$183.76), along with the only other double-digit increase in RevPAR (+10.5% to US$144.34).
Chicago, Illinois, reported the steepest declines in ADR (-8.5% to US$145.24) and RevPAR (-18.5% to US$95.65). Occupancy in the market dropped 11.0% to 65.9%.
San Francisco/San Mateo, California, experienced the largest decrease in occupancy (-11.2% to 74.4%) and the second-largest drop in RevPAR (-16.0% to US$156.00).
View weekly U.S. hotel performance review
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.
Logos, product and company names mentioned are the property of their respective owners.
Request Information from this organization
Please click the link below to request more information from the organization or company featured in this article.