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U.S. hotel industry reported mostly negative results

Staff Writer |
The U.S. hotel industry reported mostly negative results during the week of 30 July to 5 August.

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Occupancy decreased 1.5% to 74.5%, and despite a 0.7% ADR bump to $129, RevPAR dipped 0.8% to $96.08.

In comparison with the week of 31 July through 6 August 2016, the industry recorded occupancy: -1.5% to 74.5%, average daily rate (ADR): +0.7% to $129.00, and revenue per available room (RevPAR): -0.8% to $96.08.

Among the Top 25 Markets, Detroit, Michigan, posted the largest year-over-year increases in occupancy (+8.3% to 80.4%) and RevPAR (+17.1% to $83.80).

Two additional markets registered double-digit RevPAR growth for the week: Phoenix, Arizona (+12.3% to $51.93), and Chicago, Illinois (+11.1% to $126.90).

The largest ADR increases were reported in Chicago (+8.4% to $154.91) and San Diego, California (+8.4% to $201.47).

Philadelphia, Pennsylvania-New Jersey, reported the week’s steepest decline in RevPAR (-25.0% to $90.31), due mostly to the only double-digit decrease in ADR (-16.0% to $123.35).

St. Louis, Missouri-Illinois, reported the second-largest drop in RevPAR (-19.2% to $71.68), which was primarily a result of the week’s largest decrease in occupancy (-14.7% to 69.3%).

Houston, Texas, experienced the second-largest decrease in occupancy (-12.2% to 59.0%).


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