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 3-9 December 2017, according to data from STR.

In comparison with the week of 4-10 December 2016, the industry recorded the following:

  • Occupancy: +2.7% to 60.7%
  • Average daily rate (ADR): +4.0% to US$125.07
  • Revenue per available room (RevPAR): +6.8% to US$75.97

Among the Top 25 Markets, Miami/Hialeah, Florida, reported the largest increase in RevPAR (+83.0% to US$234.96), due primarily to the largest lift in ADR (+57.4% to US$272.55). While hosting Art Basel, the market experienced the second-highest rise in occupancy (+16.3% to 86.2%).

Houston, Texas, saw the largest increase in occupancy (+17.5% to 73.5%), which produced double-digit growth in RevPAR (+22.6% to US$81.63).

Atlanta, Georgia, posted the second-highest lift in ADR (+22.2% to US$128.70), which contributed to the second-largest rise in RevPAR (+33.2% to US$94.08).

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

San Diego, California, reported the only double-digit declines in ADR (-13.8% to US$130.67) and RevPAR (-17.9% to US$91.88).

Washington, D.C.-Maryland-Virginia, experienced the largest drop in occupancy (-5.5% to 66.9%) and the second-largest decrease in RevPAR (-6.7% to US$99.42).

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