U.S. hotel industry reported occupancy rose 4.5%
In comparison with the week of 11-17 December 2016, the industry recorded occupancy: +4.5% to 56.4%; average daily rate (ADR): +3.5% to $115.67; and revenue per available room (RevPAR): +8.1% to $65.24.
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in each of the three key performance metrics: occupancy (+39.2% to 72.9%), ADR (+27.7% to $142.35) and RevPAR (+77.8% to $103.78).
STR analysts note that performance was helped by the American Geophysical Union Fall Meeting (11-15 December).
Atlanta, Georgia, posted the second-highest lift in ADR (+23.3% to $117.71), which contributed to the second-largest rise in RevPAR (+39.4% to $79.96).
Overall, eight of the Top 25 Markets reported double-digit increases in RevPAR.
San Francisco/San Mateo, California, reported the only double-digit declines in the three key performance metrics: occupancy (-13.7% to 72.1%), ADR (-10.7% to $186.69) and RevPAR (-22.9% to $134.54).
Dallas, Texas, saw the second-largest decreases in occupancy (-5.3% to 59.7%) and RevPAR (-3.4% to $60.07).
Chicago, Illinois experienced the second-largest drop in ADR (-1.9% to $111.27). ■