Industry Update
Press Release16 September 2016

STR: US hotel results for week ending 10 September

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Smith Travel Research

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.

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.

About STR

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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