U.S. hotel occupancy dipped
In comparison with the week of 23-29 April 2017, the industry recorded occ, average daily rate (ADR): +2.3% to $130.40, and revenue per available room (RevPAR): +1.7% to $91.05.
Among the Top 25 Markets, Detroit, Michigan, registered the only double-digit jump in RevPAR (+17.8% to $89.18), which came as a result of the largest increases in occupancy (+9.1% to 79.3%) and ADR (+8.0% to $112.47).
Houston, Texas, reported the second-largest increase in RevPAR (+8.5% to $80.16).
Miami/Hialeah, Florida, experienced the second-highest rise in occupancy (+2.9% to 83.6%).
Overall, 18 of the Top 25 Markets reported growth in RevPAR.
St. Louis, Missouri-Illinois, saw the steepest declines in occupancy (-15.1% to 66.2%) and RevPAR (-22.5% to $70.20).
Philadelphia, Pennsylvania-New Jersey, reported the only double-digit drop in ADR (-10.8% to $143.76) and the second-largest decrease in RevPAR (-15.2% to $111.85).
Orlando, Florida, experienced the second-largest decline in occupancy (-6.4% to 76.0%). ■