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U.S. hotel industry saw occupancy increase 1.4% to 56.4%

Staff Writer |
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 28 January through 3 February 2018, according to data from STR.

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In comparison with the week of 29 January through 4 February 2017, the industry recorded occupancy: +1.4% to 56.4%; average daily rate (ADR): +2.2% to $122.35; and revenue per available room (RevPAR): +3.6% to $69.05.

Super Bowl LII host, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest increase among Top 25 Markets in each of the three key performance metrics: occupancy (+38.3% to 72.5%), ADR (+129.1% to $241.98) and RevPAR (+216.9% to $175.51).

Seattle, Washington, posted the only other double-digit lift in ADR (+15.7% to $152.30), which resulted in the second-highest jump in RevPAR (+20.1% to $104.17).

Two markets matched for the second-highest rise in occupancy: Philadelphia, Pennsylvania-New Jersey (+8.8% to 57.4%), and Chicago, Illinois (+8.8% to 49.9%).

Affected by comparisons with its Super Bowl host week last year, Houston, Texas, reported the steepest decline in RevPAR (-45.1% to $73.24), primarily because of the largest decrease in ADR (-42.7% to $109.76). Occupancy in the market fell 4.1% to 66.7%.

Nashville, Tennessee, experienced the largest drop in occupancy (-4.9% to 61.9%).

San Diego, California, reported the second-largest decreases in all three key performance metrics: occupancy (-4.7% to 70.6%), ADR (-4.8% to $145.75) and RevPAR (-9.3% to $102.85).

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