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U.S. hotel industry reported occupancy dipped 0.5%

Staff Writer |
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 13-19 May 2018, according to data from STR.

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In comparison with the week of 14-20 May 2017, the industry recorded occupancy: -0.5% to 70.2%, average daily rate (ADR): +3.5% to $132.36, and revenue per available room (RevPAR): +3.0% to $92.92.

Among the Top 25 Markets, Miami/Hialeah, Florida, experienced the largest jumps in occupancy (+9.9% to 81.4%) and RevPAR (+22.3% to $149.70). ADR in the market rose 11.3% to $183.84.

San Francisco/San Mateo, California, posted the largest lift in ADR (+12.5% to $259.77).

Phoenix, Arizona, reported the second-largest increases in occupancy (+8.1% to 67.1%) and RevPAR (+16.0% to $81.51).

Overall, 16 of the Top 25 Markets reported an increase in RevPAR.

Orlando, Florida, reported the steepest decline in RevPAR (-16.4% to $80.90), due primarily to the largest decrease in occupancy (-13.3% to 68.7%). ADR in the market fell 3.6% to $117.80.

St. Louis, Missouri-Illinois, also reported a 3.6% ADR decrease to $114.86.

Denver, Colorado, experienced the second-largest drop in occupancy (-8.9% to 76.7%) and the only other double-digit decrease in RevPAR (-10.1% to $99.31).

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