STR: US hotel results for week ending 23 July
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
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