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U.S. hotel industry posts negative performance

Staff Writer |
The U.S. hotel industry reported negative performance during the week of 17-23 September 2017, according to STR.

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Occupancy declined 0.7% to 71.4%, ADR decreased 1.9% to $128.44 and RevPAR dropped 2.5% to $91.76.

In comparison with the week of 18-24 September 2016, the industry recorded occupancy: -0.7% to 71.4%; average daily rate (ADR): -1.9% to $128.44; and revenue per available room (RevPAR): -2.5% to $91.76.

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+37.2% to 87.4%) and RevPAR (+47.8% to $101.56).

Amid recovery from Hurricane Harvey, Houston also posted an ADR increase of 7.7% to $116.24.

Three additional Top 25 Markets reported a double-digit rise in RevPAR for the week: Tampa/St. Petersburg, Florida (+18.7% to $90.05); Orlando, Florida (+17.1% to $81.96); and Nashville, Tennessee (+11.8% to $137.76)

The two Top 25 Markets that posted the highest increases in ADR were Nashville (+8.7% to $160.20) and Tampa/St. Petersburg (+8.7% to $119.13).

Orlando was the only other market to experience a double-digit lift in occupancy (+12.4% to 76.1%).

Minneapolis/St. Paul, Minnesota, reported the only double-digit decline in occupancy (-12.7% to 77.7%) and the largest drop in RevPAR (-20.7% to $96.84).

San Francisco/San Mateo, California, posted the second-largest decrease in RevPAR (-19.5% to $220.82), due primarily to the week’s largest decrease in ADR (-17.9% to $244.15).

Overall, eight Top 25 markets reported a double-digit decline in RevPAR.

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