The U.S. hotel industry reported occupancy rose 4.5% year over year to 56.4% during the week of 10-16 December. ADR increased 3.5% to $115.67 and RevPAR rose 8.1% to $65.24.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from STR.
In comparison with the week of 11-17 December 2016, the industry recorded the following:
- Occupancy: +4.5% to 56.4%
- Average daily rate (ADR): +3.5% to US$115.67
- Revenue per available room (RevPAR): +8.1% to US$65.24
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in each of the three key performance metrics: occupancy (+39.2% to 72.9%), ADR (+27.7% to US$142.35) and RevPAR (+77.8% to US$103.78). STR analysts note that performance was helped by the American Geophysical Union Fall Meeting (11-15 December).
Atlanta, Georgia, posted the second-highest lift in ADR (+23.3% to US$117.71), which contributed to the second-largest rise in RevPAR (+39.4% to US$79.96).
Overall, eight of the Top 25 Markets reported double-digit increases in RevPAR.
San Francisco/San Mateo, California, reported the only double-digit declines in the three key performance metrics: occupancy (-13.7% to 72.1%), ADR (-10.7% to US$186.69) and RevPAR (-22.9% to US$134.54).
Dallas, Texas, saw the second-largest decreases in occupancy (-5.3% to 59.7%) and RevPAR (-3.4% to US$60.07).
Chicago, Illinois experienced the second-largest drop in ADR (-1.9% to US$111.27).
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.