STR: U.S. hotel results for week ending 7 October

  • STR: U.S. hotel results for week ending 7 October
    STR: U.S. hotel results for week ending 7 October
Thu, 12 October 2017

HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 1-7 October 2017, according to data from STR.

In comparison with the week of 2-8 October 2016, the industry recorded the following:

  • Occupancy: +0.9% to 71.4%
  • Average daily rate (ADR): +2.0% to US$130.92
  • Revenue per available room (RevPAR): +3.0% to US$93.51

Among the Top 25 Markets, Houston, Texas, once again reported the largest year-over-year increases in occupancy (+45.0% to 85.9%) and RevPAR (+66.0% to US$99.25). With a spike in post-Hurricane Harvey demand, Houston also posted the second-largest ADR increase (+14.5% to US$115.51)

Four additional Top 25 Markets reported double-digit increases in RevPAR:Miami/Hialeah, Florida (+34.4% to US$119.68); Orlando, Florida (+32.8% to US$109.55); Norfolk/Virginia Beach, Virginia (+27.2% to US$57.86); and San Diego, California (+10.6% to US$129.66).

Three of those markets recorded a double-digit increase in occupancy for the week: Miami/Hialeah (+27.1% to 75.3%), Norfolk/Virginia Beach (+18.6% to 61.2%) and Orlando (+14.9% to 82.8%).

Orlando posted the highest lift in ADR (+15.6% to US$132.25). Nashville, Tennessee(+10.3% to US$162.49), was the third and final market to register double-digit growth in the metric.

New Orleans, Louisiana, saw the largest decreases in occupancy (-19.6% to 58.2%) and RevPAR (-25.8% to US$78.49).

Minneapolis/St. Paul, Minnesota-Wisconsin, reported the steepest decline in ADR (-11.7% to US$125.43), that coupled with the second-largest decrease in occupancy (-13.4% to 75.1%), led to the second-largest drop in RevPAR (-23.6% to US$94.14).

Two additional Top 25 markets reported a double-digit decrease in RevPAR: St. Louis, Missouri-Illinois (-15.1% to US$68.81), and Atlanta, Georgia (-10.3% to US$79.76).

#STR_Global on Twitter

more on Twitter

Organization

STR
735 East Main Street
Hendersonville, TN 37075
United States
Phone: (615) 824-8664
Fax: (615) 824-3848
Visit Website | Send Email

Social Media

Contact

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

Focus

  • Markets & Performance

Geo Relevance

USA & Canada, United States

Confirm Delete

Are you sure you want to delete the following .

DeleteCancel

Text Length

The maximum length of this field is characters. Your text has been truncated. Please make sure the text length does not exceed the characters limit.

×

You reached the maximum number of words

The maximum number of words for this field is words. Your text has been truncated. Please make sure the text length does not exceed the words limit.

×

×