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U.S. hotels show positive results, Phoenix saw largest increase in occupancy

Staff Writer |
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 21-27 May 2017, according to data from STR.

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In comparison with the week of 22-28 May 2016, the industry recorded occupancy: +0.5% to 70.3%, average daily rate (ADR): +2.5% to $127.47, and revenue per available room (RevPAR): +3.1% to $89.67.

Among the Top 25 Markets, Boston, Massachusetts, showed the largest year-over-year increase in RevPAR (+19.1% to $208.53), driven largely by the week’s greatest rise in ADR (+12.1% to $234.62). Occupancy in the market rose 6.2% to 88.9%.

Three additional markets saw a double-digit lift in RevPAR for the week: Nashville, Tennessee (+16.3% to $122.90); Phoenix, Arizona (+14.0% to $76.81); and Atlanta, Georgia (+10.5% to $82.69).

Nashville was the second of two markets to post a double-digit increase in ADR (+10.6% to $148.74).

Phoenix saw the largest increase in occupancy (+8.1% to 69.4%).

San Francisco/San Mateo, California, reported the steepest declines in ADR (-8.3% to $213.32) and RevPAR (-13.0% to $185.41). Occupancy in the market fell 5.1% to 86.9%.

Two additional markets saw a 5.1% decrease in occupancy for the week: Oahu Island, Hawaii (-5.1% to 83.7%), and Tampa/St. Petersburg, Florida (-5.1% to 73.6%).

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