During the week of 10-16 June, U.S. hotel occupancy dipped 0.3% to 74.2%, but a 2% ADR increase to $131.72 boosted RevPAR 1.8% to $97.70.
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 June 2018, according to data from STR.
In comparison with the week of 11-17 June 2017, the industry recorded the following:
• Occupancy: -0.3% to 74.2%
• Average daily rate (ADR): +2.0% to US$131.72
• Revenue per available room (RevPAR): +1.8% to US$97.70
Among the Top 25 Markets, Orlando, Florida, reported the only double-digit increase in RevPAR (+13.7% to US$109.44), due primarily to the largest lift in ADR (+9.7% to US$131.01). Occupancy in the market rose 3.7% to 83.5%.
New Orleans, Louisiana, experienced the highest rise in occupancy (+5.2% to 67.5%), but the second-largest decrease in ADR (-1.7% to US$130.99).
St. Louis, Missouri-Illinois, registered the second-largest increases in ADR (+7.4% to US$115.39) and RevPAR (+9.4% to US$89.55).
Overall, 18 of the Top 25 Markets reported an increase in RevPAR.
Boston, Massachusetts, reported the largest drop in ADR (-2.4% to US$213.28), which resulted in the steepest decline in RevPAR (-7.7% to US$172.06).
Two markets experienced the largest decrease in occupancy: Boston (-5.4% to 80.7%) and Minneapolis/St. Paul, Minnesota-Wisconsin (-5.4% to 77.1%).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.