STR: U.S. hotel results for week ending 3 March
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 25 February through 3 March 2018, according to data from STR.
In comparison with the week of 26 February through 4 March 2017, the industry recorded the following:
- Occupancy: +1.7% to 65.9%
- Average daily rate (ADR): +2.3% to US$126.06
- Revenue per available room (RevPAR): +4.1% to US$83.04
Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in occupancy (+14.9% to 71.4%) and RevPAR (+22.6% to US$90.66).
Miami/Hialeah, Florida, posted the only double-digit lift in ADR (+12.2% to US$252.25), resulting in the second-largest rise in RevPAR (+18.4% to US$218.81).
Houston, Texas, experienced the only other double-digit increase in occupancy (+11.8% to 75.0%) and the third-largest jump in RevPAR (+15.8% to US$85.21).
Overall, 19 of the Top 25 Markets reported increases in RevPAR.
New Orleans, Louisiana, reported the largest decreases in all three key performance metrics: occupancy (-8.0% to 73.1%), ADR (-17.6% to US$149.91) and RevPAR (-24.1% to US$109.54).
San Francisco/San Mateo, California, reported the second-largest decreases in all three key performance metrics: occupancy (-5.9% to 78.1%), ADR (-14.3% to US$214.63) and RevPAR (-19.3% to US$167.69).
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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.