U.S. hotel industry reported positive results
In comparison with the week of 16-22 October 2016, the industry recorded occupancy: +0.9% to 72.8%, average daily rate (ADR): +1.7% to $131.58, and revenue per available room (RevPAR): +2.6% to $95.82.
Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+23.7% to 86.6%) and RevPAR (+25.9% to $103.34).
Post-Hurricane Harvey demand continues to drive performance levels in the market.
Tampa/St. Petersburg, Florida, reported the only other double-digit increases in occupancy (+11.5% to 78.2%) and RevPAR (+19.3% to $94.58).
New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.3% to $176.72).
San Francisco/San Mateo, California, reported the steepest decline in RevPAR (-9.4% to $215.49), due primarily to the week’s largest drop in ADR (-5.7% to $243.35).
Dallas, Texas, experienced the largest decrease in occupancy (-4.7% to 74.0%). ■