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U.S. hotels saw occupancy increase 0.5%

Staff Writer |
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 April through 5 May 2018, according to data from STR.

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In comparison with the week of 30 April through 6 May 2017, the industry recorded the following:

-Occupancy: +0.5% to 68.2%
-Average daily rate (ADR): +2.7% to $130.14
-Revenue per available room (RevPAR): +3.3% to $88.77

Among the Top 25 Markets, Oahu Island, Hawaii, posted the highest rises in occupancy (+7.2% to 88.5%) and RevPAR (+16.7% to $219.21). ADR in the market rose 8.9% to $247.83.

Dallas, Texas, posted the only double-digit increase in ADR (+10.3% to $116.92) and the second-largest increase in RevPAR (+16.1% to $86.72).

Detroit, Michigan, experienced the second-highest lift in occupancy (+5.9% to 68.2%).

Overall, 18 of the Top 25 Markets reported growth in RevPAR.

Boston, Massachusetts, saw the steepest declines in occupancy (-5.6% to 74.5%) and RevPAR (-9.4% to $156.19).

Chicago, Illinois, reported the largest drop in ADR (-4.4% to $145.68) and the second-largest decrease in RevPAR (-7.9% to $101.18).

Los Angeles/Long Beach, California, experienced the second-largest decline in occupancy (-4.6% to 78.8%).


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