STR: U.S. hotel results for week ending 4 November
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 29 October through 4 November 2017, according to data from STR.
In comparison with the week of 30 October through 5 November 2016, the industry recorded the following:
- Occupancy: -0.9% to 63.3%
- Average daily rate (ADR): +0.4% to US$124.08
- Revenue per available room (RevPAR): -0.4% to US$78.57
Among the Top 25 Markets, Houston, Texas, reported the largest increase in RevPAR (+40.4% to US$90.28), due primarily to the only double-digit increase in occupancy (+28.2% to 79.1%). Post-Hurricane Harvey demand continues to drive performance levels in the market.
New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.9% to US$183.76), along with the only other double-digit increase in RevPAR (+10.5% to US$144.34).
Chicago, Illinois, reported the steepest declines in ADR (-8.5% to US$145.24) and RevPAR (-18.5% to US$95.65). Occupancy in the market dropped 11.0% to 65.9%.
San Francisco/San Mateo, California, experienced the largest decrease in occupancy (-11.2% to 74.4%) and the second-largest drop in RevPAR (-16.0% to US$156.00).
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STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.