Source: STR

HENDERSONVILLE, Tennessee – The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 28 August through 3 September 2016, according to data from STR.

In year-over-year comparisons, the industry's occupancy grew 1.6% to 64.5%. Average daily rate increased 2.4% to US$118.97. Revenue per available room rose 4.1% to US$76.76.

Among the Top 25 Markets, Seattle, Washington, posted the largest year-over-year increases in ADR (+12.8% to US$172.33) and RevPAR (+19.3% to US$144.14). Occupancy in the market rose 5.8% to 83.6%.

Six additional markets experienced a double-digit lift in RevPAR for the week: Dallas, Texas (+16.6% to US$71.33); Minneapolis/St. Paul, Minnesota-Wisconsin (+16.1% to US$91.01); Orlando, Florida (+15.4% to US$56.88); Los Angeles/Long Beach, California (+14.5% to US$129.90); New Orleans, Louisiana (+14.5% to US$68.28); and Oahu Island, Hawaii (+12.7% to US$192.66).

After Seattle, two other markets recorded a double-digit rise in ADR: Los Angeles/Long Beach (+10.9% to US$168.37) and Dallas (+10.4% to US$102.37).

New Orleans saw the only double-digit increase in occupancy (17.3% to 60.2%).

San Francisco/San Mateo, California, reported the largest decreases across the three key performance metrics. Occupancy in the market dropped 11.1% to 79.1%; ADR was down 21.6% to US$198.76; and RevPAR fell 30.4% to US$157.30.

Two other markets reported a double-digit decline in RevPAR: St. Louis, Missouri-Illinois (-15.7% to US$56.72), and Houston, Texas (-14.4% to US$54.23).

While no markets outside of San Francisco/San Mateo reported a double-digit decrease in ADR, two saw a double-digit decline in occupancy: St. Louis (-10.9% to 59.7%) and Houston (-10.9% to 56.1%).

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.

Jeff Higley (STR)
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