Source: STR

HENDERSONVILLE, Tennessee – The U.S. hotel industry reported flat occupancy and slightly higher rates year over year during the week of 14-20 May 2017, according to data from STR.

In comparison with the week of 15-21 May 2016, the industry recorded the following in the three key performance metrics:

  • Occupancy: Flat at 70.6%
  • Average daily rate (ADR): +1.5% to US$127.91
  • Revenue per available room (RevPAR): +1.5% to US$90.26

STR analysts note that occupancy for the week was pulled down due to comparison with a non-Mother's Day Sunday in 2016.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, registered the only double-digit lift in occupancy (+12.8% to 69.5%) and the largest year-over-year increase in RevPAR (+20.7% to US$72.04). ADR in the market rose 7.0% to US$103.64.

Three additional markets saw a double-digit increase in RevPAR: Detroit, Michigan(+11.6% to US$76.49); Seattle, Washington (+10.6% to US$147.88); and St. Louis, Missouri-Illinois (+10.5% to US$93.82).

Growth in St. Louis was driven primarily by the week's largest increase in ADR (+9.9% to US$119.51).

Phoenix, Arizona, saw the week's steepest decline in occupancy (-8.7% to 62.1%).

New Orleans, Louisiana, reported the largest decreases in ADR (-6.4% to US$145.67) and RevPAR (-14.4% to US$103.10).

Two additional markets experienced a double-digit drop in RevPAR: Miami/Hialeah, Florida (-11.8% to US$121.70), and San Francisco/San Mateo, California (-10.1% to US$206.84).

Source: STRSource: STR
Source: STR

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.

Jeff Higley (STR)
VP, Digital Media & Communications
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