STR: U.S. hotel results for week ending 4 August
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 July through 4 August 2018, according to data from STR.
In comparison with the week of 30 July through 5 August 2017, the industry recorded the following:
- Occupancy: +1.0% to 75.3%
- Average daily rate (ADR): +3.1% to US$132.88
- Revenue per available room (RevPAR): +4.1% to US$100.07
Among the Top 25 Markets Chicago, Illinois, posted the largest increase in RevPAR (+15.2% to US$146.20), due primarily to the only double-digit lift in ADR (+11.0% to US$171.97).
St. Louis, Missouri-Illinois, experienced the largest rise in occupancy (+9.5% to 76.1) and the second-highest jump in RevPAR (+14.6% to US$81.55).
Boston, Massachusetts, registered the second-largest increase in ADR (+6.8% to US$220.13) and the only other double-digit increase in RevPAR (+12.0% to US$199.93).
Overall, 21 of the Top 25 Markets registered an increase in RevPAR.
Denver, Colorado, reported the only double-digit decrease in RevPAR (-10.0% to US$118.34), due to the largest decreases in occupancy (-5.4% to 84.5%) and ADR (-4.8% to US$140.02).
Norfolk/Virginia Beach, Virginia, experienced the second-largest drops in occupancy (-3.8% to 76.1%) and RevPAR (-5.1% to US$99.75).
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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.