Source: STR

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 22-28 October 2017, according to data from STR.

In comparison with the week of 23-29 October 2016, the industry recorded the following:

  • Occupancy: +4.0% to 69.8%
  • Average daily rate (ADR): +2.6% to US$129.44
  • Revenue per available room (RevPAR): +6.7% to US$90.32

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+34.9% to 85.9%), ADR (+14.0% to US$120.89) and RevPAR (+53.8% to US$103.82). Post-Hurricane Harvey demand continues to drive performance levels in the market.

Tampa/St. Petersburg, Florida, experienced the second-highest increase in occupancy (+13.4% to 77.7%) and the second-largest rise in RevPAR (+23.9% to US$94.42).

Overall, nine of the Top 25 Markets reported double-digit RevPAR growth.

Detroit, Michigan, posted the only other double-digit increase in ADR (+12.2% to US$112.31).

New Orleans, Louisiana reported the steepest decline in RevPAR (-20.1% to US$122.73), due primarily to the week's only double-digit drop in occupancy (-13.0% to 73.5%).

Two markets reported decreases in ADR: Chicago, Illinois (-8.9% to US$155.91), and New Orleans (-8.1% to US$166.91).

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