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 19-25 November 2017, according to data from STR.

In comparison with the week of 20-26 November 2016, the industry recorded the following:

  • Occupancy: +1.4% to 51.4%
  • Average daily rate (ADR): +2.0% to US$109.99
  • Revenue per available room (RevPAR): +3.4% to US$56.52

Among the Top 25 Markets, Houston, Texas, reported the largest increase in all three key performance metrics: occupancy (+32.8% to 56.0%), ADR (+16.0% to US$92.58) and RevPAR (+54.1% to US$51.86).

Boston, Massachusetts, experienced the only other double-digit increase in occupancy (+10.6% to 54.3%), which produced double-digit growth in RevPAR (+11.7% to US$72.98).

Orlando, Florida, posted the second-highest lift in ADR (+9.6% to US$111.23), which contributed to a double-digit rise in RevPAR (+18.2% to US$79.10).

Overall, six of the Top 25 Markets reported double-digit increases in RevPAR.

Dallas, Texas, experienced the steepest declines in occupancy (-6.7% to 50.0%) and RevPAR (-5.5% to US$43.18).

Two markets reported the largest drop in ADR: New Orleans, Louisiana (-2.4% to US$128.59), and Chicago, Illinois (-2.4% to US$112.85).

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