STR: US hotel results for week ending 28 January
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 22- 28 January 2017, according to data from STR.In year-over-year comparisons, the industry's occupancy increased 1.4% to 57.8%, and average daily rate (ADR) rose 2.3% to US$119.93. As a result, revenue per available room (RevPAR) grew 3.8% to US$69.35.Six Top 25 Markets saw double-digit growth in RevPAR for the week: Washington, D.C.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive results in the three key performance metrics during the week of 22-28 January 2017, according to data from STR.
In year-over-year comparisons, the industry's occupancy increased 1.4% to 57.8%, and average daily rate (ADR) rose 2.3% to US$119.93. As a result, revenue per available room (RevPAR) grew 3.8% to US$69.35.
Six Top 25 Markets saw double-digit growth in RevPAR for the week: Washington, D.C.-Maryland-Virginia (+35.8% to US$86.59); New Orleans, Louisiana (+29.3% to US$122.19); Norfolk/Virginia Beach, Virginia (+24.5% to US$34.88); San Francisco/San Mateo, California (+19.1% to US$177.84); Seattle, Washington (+14.0% to US$100.29); and Oahu Island, Hawaii (+11.4% to US$201.25).
Three of those markets posted a double-digit rise in ADR: New Orleans (+18.7% to US$176.19), Washington, D.C. (+15.8% to US$144.19) and Oahu Island (+10.5% to US$234.91).
Two markets experienced a double-digit lift in occupancy: Norfolk/Virginia Beach (+19.0% to 44.7%) and Washington, D.C (+17.2% to 60.0%).
Miami/Hialeah, Florida, reported the largest decreases in ADR (-8.8% to US$214.15) and RevPAR (-13.1% to US$170.62). Occupancy in the market was down 4.8% to 79.7%.
The steepest declines in occupancy were reported in Houston, Texas (-5.2% to 61.9%), and Phoenix, Arizona (-5.1% to 74.7%).
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.