Weekly Hotel Report - Total United States - Week of July 17, 2016 - July 23, 2016 — Photo by STR

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.

A note to editors: As of 1 March 2016, all references to STR data and analysis should cite "STR" as the source. Please refrain from citing "STR, Inc." "Smith Travel Research" or "STR Global" in sourcing as those names no longer fit within the updated STR brand.

Additional Performance Data

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About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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