U.S. hotel industry occupancy up to 54%
In a year-over-year comparison with December 2016, the industry posted occupancy: +2.3% to 54.0%; average daily rate (ADR): +2.2% to $121.86; and revenue per available room (RevPAR): +4.6% to $65.85.
RevPAR has now increased year over year for 94 consecutive months in the U.S.
Among the Top 25 Markets, Houston, Texas, reported the largest increase in RevPAR (+30.9% to $60.77), due primarily to the largest rise in occupancy (+19.5% to 60.6%).
New Orleans, Louisiana, experienced the only other double-digit increase in occupancy (+14.1% to 63.6%) and the second-highest jump in RevPAR (+26.1% to $90.05).
Miami/Hialeah, Florida, posted the largest lift in ADR (+13.3% to $248.47), which resulted in a double-digit increase in RevPAR (+22.2% to $193.70).
San Diego, California, reported the only double-digit decline in RevPAR (-11.3% to $80.87), due primarily to the largest decrease in ADR (-7.7% to $126.28).
San Francisco/San Mateo, California, experienced the largest decrease in occupancy (-5.4% to 70.2%) and the second-largest drop in RevPAR (-8.1% to $127.68). ■