STR: US hotel results for week ending 23 July
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 17-23 July 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy decreased 1.1% to 78.2%. However, average daily rate was up 4.1% to US$130.83, and revenue per available room increased 2.9% to US$102.24.
Six of the Top 25 Markets recorded a double-digit RevPAR increase for the week: Philadelphia, Pennsylvania-New Jersey (+20.5% to US$113.78); Denver, Colorado (+15.3% to US$141.05); Phoenix, Arizona (+14.7% to US$53.24); Chicago, Illinois (+13.0% to US$143.51); San Diego, California (+12.4% to US$205.42); and Tampa/St. Petersburg, Florida (+10.1% to US$85.73).
Three of those markets posted a double-digit rise in ADR: San Diego (+19.2% to US$227.80); Philadelphia (+18.6% to US$144.01); and Denver (+14.0% to US$150.37).
Overall, 19 of the Top 25 Markets reported RevPAR growth for the week. Twenty-two markets recorded an increase in ADR.
Phoenix experienced the largest lift in occupancy, up 8.4% to 61.9%.
Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy fell 11.5% to 65.5%; ADR was down 9.1% to US$99.05; and RevPAR dropped 19.5% to US$64.88.
No other Top 25 Market reported a double-digit decrease in the three key performance metrics.
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Additional Performance Data
Are you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises more than 54,000 hotels and 7.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
Jeff Higley (STR)
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STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.