In year-over-year comparisons, the industrys occupancy fell 1.5% to 56.0%. Average daily rate (ADR) increased 0.5% to US$117.31. Revenue per available room (RevPAR) declined 1.0% to US$65.65.
The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 27 November through 3 December 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy fell 1.5% to 56.0%. Average daily rate (ADR) increased 0.5% to US$117.31. Revenue per available room (RevPAR) declined 1.0% to US$65.65.
San Diego, California, was the only Top 25 Market to record double-digit growth in ADR (+21.6% to US$157.39) and RevPAR (+26.0% to US$101.08). Occupancy in the market increased 3.6% to 64.2%.
Washington, D.C.-Maryland-Virginia, experienced the largest occupancy increase (+3.9% to 62.0%) and the second largest rise in RevPAR (+8.8% to US$89.04).
Overall, five the Top 25 Markets experienced a year-over-year occupancy increase for the week. Eight markets recorded positive RevPAR performance.
Houston, Texas, reported the only double-digit decline in occupancy (-14.0% to 54.5%) and the steepest drop in RevPAR (-18.9% to US$55.32). ADR in the market was down 5.7% to US$101.47.
Four additional markets saw a double-digit RevPAR decrease for the week: Orlando, Florida (-15.3% to US$71.76); Miami/Hialeah, Florida (-13.4% to US$197.58); New Orleans, Louisiana (-10.2% to US$88.47); and Philadelphia, Pennsylvania-New Jersey (-10.1% to US$69.69).
Miami/Hialeah reported the only double-digit drop in ADR (-10.1% to US$250.16).
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.