POST Online Media Lite Edition



 

U.S. hotel industry posts positive results

Staff Writer |
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 23-29 April 2017, according to data from STR.

Article continues below






In comparison with the week of 24-30 April 2016, the industry reported occupancy: +3.7% to 70.3%, average daily rate (ADR): +5.1% to $127.50, and revenue per available room (RevPAR): +8.9% to $89.65.

STR analysts attribute the level of performance growth to a comparison with Passover week last year.

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, saw the largest year-over-year increase in RevPAR (+28.7% to $132.05). Growth was driven primarily by the week’s largest lift in ADR (+20.1% to $161.06). Occupancy in the market rose 7.1% to 82.0%.

Six additional markets experienced a lift in RevPAR of more than 15.0%: Atlanta, Georgia (+22.0% to $86.99); Boston, Massachusetts (+18.6% to $181.23); Phoenix, Arizona (+17.8% to $109.58); Denver, Colorado (+15.7% to $94.73); Anaheim/Santa Ana, California (+15.4% to $125.33); and Norfolk/Virginia Beach, Virginia (+15.2% to $68.52).

Overall, 10 Top 25 Markets posted double-digit growth in the metric.

Boston reported the only other double-digit increase in ADR (+13.1% to $219.99).

Atlanta saw the only double-digit rise in occupancy (+11.1% to 76.7%).

New Orleans, Louisiana, reported the steepest declines across the three key performance metrics. Occupancy fell 6.0% to 78.2%, ADR was down 7.4% to $174.35 and RevPAR dropped 13.0% to $136.31.


What to read next

U.S. hotel industry continues to grow
U.S. hotel industry reported positive results
Canadian hotel industry recorded positive results