Industry Update
Press Release 3 August 2017

STR: US hotel results for week ending 29 July

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Smith Travel Research

HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 23-29 July 2017, according to data from STR.

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In comparison with the week of 24-30 July 2016, the industry recorded the following:

  • Occupancy: +0.3% to 77.4%
  • Average daily rate (ADR): +1.2% to US$132.21
  • Revenue per available room (RevPAR): +1.5% to US$102.39

Among the Top 25 Markets, St. Louis, Missouri-Illinois, registered the largest year-over-year increase in each of the three key performance metrics: occupancy (+12.0 to 82.6%), ADR (+14.7% to US$115.63) and RevPAR (+28.5% to US$95.53).

Three additional markets reported double-digit RevPAR growth for the week: New Orleans, Louisiana (+13.6% to US$82.39); Miami/Hialeah, Florida (+10.4% to US$143.08); and Detroit, Michigan (+10.0% to US$80.56).

Due to a comparison with the week of the 2016 Democratic National Convention,Philadelphia, Pennsylvania-New Jersey, reported the week's largest decrease across the three metrics: occupancy (-12.0% to 75.9%), ADR (-47.1% to US$124.06) and RevPAR (-53.4% to USD$94.17).

Chicago, Illinois, reported the second-largest decline in occupancy (-7.4% to 82.1%) and the only other double-digit decreases in ADR (-11.5% to US$144.82) and RevPAR (-18.0% to USD118.91).

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.

Contact
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318
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