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U.S. hotel industry reported another positive week

Staff Writer |
The U.S. hotel industry reported positive results during the week of 23-29 July. Occupancy rose 0.3% year over year to 77.4%, ADR increased 1.2% to $132.21 and RevPAR climbed 1.5% to $102.39.

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In comparison with the week of 24-30 July 2016, the industry recorded occupancy: +0.3% to 77.4%, average daily rate (ADR): +1.2% to $132.21, and revenue per available room (RevPAR): +1.5% to $102.39.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, registered the largest year-over-year increase in each of the three key performance metrics: occupancy (+12.0 to 82.6%), ADR (+14.7% to $115.63) and RevPAR (+28.5% to $95.53).

Three additional markets reported double-digit RevPAR growth for the week: New Orleans, Louisiana (+13.6% to $82.39); Miami/Hialeah, Florida (+10.4% to $143.08); and Detroit, Michigan (+10.0% to $80.56).

New Orleans reported the only other double-digit increase in occupancy (+11.8% to 70.8%).

Due to a comparison with the week of the 2016 Democratic National Convention, Philadelphia, Pennsylvania-New Jersey, reported the week’s largest decrease across the three metrics: occupancy (-12.0% to 75.9%), ADR (-47.1% to $124.06) and RevPAR (-53.4% to USD$94.17).

Chicago, Illinois, reported the second-largest decline in occupancy (-7.4% to 82.1%) and the only other double-digit decreases in ADR (-11.5% to $144.82) and RevPAR (-18.0% to USD118.91).

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