Mixed YOY Results for US Hotel Industry for Week Ending June 9th – 2018
The U.S. hotel industry reported occupancy dipped 0.2% to 72.9% during the week of 3-9 June. ADR rose 2.5% to $131.38 to raise RevPAR up 2.3% to $95.82.
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 3-9 June 2018, according to data from STR.
In comparison with the week of 4-10 June 2017, the industry recorded the following:
• Occupancy: -0.2% to 72.9%
• Average daily rate (ADR): +2.5% to US$131.38
• Revenue per available room (RevPAR): +2.3% to US$95.82
Among the Top 25 Markets, Orlando, Florida, registered the largest increases in each of the three key performance metrics: occupancy (+8.1% to 82.1%), ADR (+16.2% to US$131.28) and RevPAR (+25.7% to US$107.77).
Boston, Massachusetts, posted the second-highest lift in ADR (+9.8% to US$240.63), which drove the second-largest jump in RevPAR (+11.3% to US$208.99).
Minneapolis/St. Paul, Minnesota-Wisconsin, reported the third-largest increase in RevPAR (+10.0% to US$97.18), due primarily to the second-highest rise in occupancy (+6.1% to 78.4%).
Overall, 16 of the Top 25 Markets reported an increase in RevPAR.
Denver, Colorado, reported the largest decreases in ADR (-5.2% to US$139.72) and RevPAR (-12.0% to US$117.03).
Seattle, Washington, experienced the steepest decline in occupancy (-8.4% to 84.1%), which resulted in the only other double-digit decrease in RevPAR (-11.7% to US$163.94).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.