HENDERSONVILLE, Tennessee – The U.S. hotel industry reported positive results in two of the three key performance metrics during the week of 15-21 May 2016, according to data from STR.

In year-over-year comparisons, the industry's occupancy decreased 0.9% to 70.7%. However, average daily rate for the week was up 2.7% to US$125.76, and revenue per available room increased 1.9% to US$88.88.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, experienced the largest year-over-year increases in occupancy (+9.6% to 80.0%) and RevPAR (+18.0% to US$97.20). ADR in the market was up 7.7% to US$121.57.

Six additional markets saw a double-digit lift in RevPAR: St. Louis, Missouri-Illinois (+17.1% to US$85.04); Dallas, Texas (+14.9% to US$79.98); Nashville, Tennessee (+13.8% to US$121.84); Seattle, Washington (+12.6% to US$133.24); Philadelphia, Pennsylvania-New Jersey (+12.1% to US$124.01); and San Francisco/San Mateo, California (+11.6% to US$230.82).

Three markets posted a double-digit rise in ADR: Atlanta, Georgia (+13.5% to US$108.89); Nashville (+11.0% to US$143.72); and Los Angeles/Long Beach, California (+10.0% to US$169.86).

Houston, Texas, experienced the only double-digit decreases in occupancy (-10.7% to 65.0%) and RevPAR (-10.9% to US$70.52).

Norfolk/Virginia Beach, Virginia, reported the largest drop in ADR (-7.0% to US$97.32).

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Jeff Higley (STR)
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
STR

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