STR: U.S. hotel results for week ending 18 November
HENDERSONVILLE, Tennessee – The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 November 2017, according to data from STR.
In comparison with the week of 13-19 November 2016, the industry recorded the following:
- Occupancy: +0.8% to 66.1%
- Average daily rate (ADR): +1.9% to US$124.65
- Revenue per available room (RevPAR): +2.6% to US$82.42
Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics: occupancy (+27.0% to 80.3%), ADR (+11.0% to US$117.82) and RevPAR (+40.9% to US$94.60).
Miami/Hialeah, Florida, posted the second-highest increase in RevPAR (+22.5% to US$155.08), due primarily to the second-largest increase in occupancy (+11.9% to 83.4%)
Two additional markets saw double-digit RevPAR growth: Denver, Colorado (+18.9% to US$109.72), and Anaheim/Santa Ana, California (+11.7% to US$121.96).
Boston, Massachusetts, reported the steepest declines in ADR (-5.8% to US$196.78) and RevPAR (-9.0% to US$155.54).
Los Angeles/Long Beach, California, experienced the largest drop in occupancy (-6.1% to 77.9%) and the second-largest decrease in RevPAR (-8.4% to US$132.44).
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.
Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR