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 24-30 June 2018, according to data from STR.

In comparison with the week of 25 June through 1 July 2017, the industry recorded the following:

  • Occupancy: +2.1% to 75.8%
  • Average daily rate (ADR): +3.1% to US$131.36
  • Revenue per available room (RevPAR): +5.2% to US$99.59

Among the Top 25 Markets, Detroit, Michigan, reported the largest increases in each of the three key performance metrics: occupancy (+20.2% to 86.3%), ADR (+12.9% to US$114.17) and RevPAR (+35.7% to US$98.52).

Atlanta, Georgia, posted the second-largest lift in ADR (+12.1% to US$111.18), which helped push the second-highest increase in RevPAR (+21.0% to US$84.65).

Philadelphia, Pennsylvania-New Jersey, experienced the only other double-digit increase in occupancy (+10.8% to 80.9%) and the third-largest rise in RevPAR (+20.7% to US$110.58).

Overall, 22 of the Top 25 Markets reported an increase in RevPAR.

New Orleans, Louisiana, registered the only double-digit declines in ADR (-17.0% to US$127.48) and RevPAR (-16.7% to US$89.61).

Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the steepest drop in occupancy (-3.2% to 82.1%) and the second-largest decrease in RevPAR (-3.4% to US$105.86).

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