STR: US hotel results for week ending 10 September
HENDERSONVILLE, Tennessee -- The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 4-10 September 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy fell 1.4% to 62.8%. However, average daily rate increased 1.8% to US$118.58, and revenue per available room was nearly flat (+0.3% to US$74.45).
Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest year-over-year increases in occupancy (+6.3% to 68.5%) and RevPAR (+12.8% to US$77.59). ADR in the market rose 6.1% to US$113.26.
Two additional markets experienced double-digit RevPAR growth for the week: Los Angeles/Long Beach, California (+10.8% to US$121.41), and Oahu Island, Hawaii (+10.0% to US$189.51).
In ADR, Los Angeles/Long Beach (+8.8% to US$160.02) and Oahu Island (+8.5% to US$224.75) posted the week's top percentage increases.
Boston, Massachusetts, reported the only double-digit decrease in occupancy (-10.1% to 72.2%) and the largest drop in RevPAR (-13.5% to US$137.98). ADR in the market fell 3.8% to US$191.12.
The largest ADR decline was reported in New York, New York (-5.9% to US$284.92).
Outside of Boston, only one other Top 25 Market reported a double-digit decline for any of the three key performance metrics. Houston, Texas, saw RevPAR drop 12.9% to US$48.20.
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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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. For more information, please visit str.com.
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