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U.S. hotel industry continues to grow

Staff Writer |
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of August 13-19, 2017, according to data from STR.

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In comparison with the week of 14-20 August 2016, the industry recorded occupancy: +1.4% to 72.3%, average daily rate (ADR): +2.1% to $127.12, and revenue per available room (RevPAR): +3.5% to $91.85.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest year-over-year increases in occupancy (+8.4% to 69.2%) and RevPAR (+18.3% to $73.84). ADR in the market rose 9.1% to $106.66.

Nashville, Tennessee, posted the only other double-digit increase in RevPAR (+11.3% to $115.76), due to the only double-digit rise in ADR (+11.2% to $147.81) in the Top 25.

Philadelphia, Pennsylvania-New Jersey, experienced the largest drop in each of the three key performance metrics: occupancy (-6.2% to 73.2%), ADR (-5.2% to $120.50) and RevPAR (-11.1% to $88.19).

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