STR: U.S. hotel results for week ending 23 June
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 June 2018, according to data from STR.
In comparison with the week of 18-24 June 2017, the industry recorded the following:
- Occupancy: +0.1% to 75.9%
- Average daily rate (ADR): +2.9% to US$133.28
- Revenue per available room (RevPAR): +3.0% to US$101.12
Among the Top 25 Markets, Orlando, Florida, posted the largest jump in RevPAR (+15.3% to US$104.69), due primarily to the highest increase in ADR (+9.9% to US$125.71).
Houston, Texas, experienced the largest rise in occupancy (+6.1% to 65.5%) and the second-largest increase in RevPAR (+14.2% to US$69.77).
New York, New York, reported the only other double-digit increase in RevPAR (+11.5% to US$263.42), due mostly to the second-largest lift in ADR (+9.8% to US$286.60).
Overall, 19 of the Top 25 Markets reported an increase in RevPAR.
New Orleans, Louisiana, registered the only double-digit decline in ADR (-14.2% to US$140.32) and the largest decrease in RevPAR (-19.4% to US$99.55). Occupancy in the market fell 6.1% to 70.9%.
St. Louis, Missouri-Illinois, experienced the steepest decline in occupancy (-6.9% to 77.0%) and the only other double-digit decrease in RevPAR (-10.3% to US$85.48).
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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.