Positive Performance for US Hotel Industry for Week Ending August 4th – 2018

Hotel No Vacany sign - Photo by KEEM IBARRA on Unsplash
Positive Performance for US Hotel Industry for Week Ending August 4th – 2018

The U.S. hotel industry reported occupancy rose 1% to 75.3% during the week of 29 July to 4 August. ADR increased 3.1% to $132.88 and RevPAR rose 4.1% to $100.07.

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 July through 4 August 2018, according to data from STR.

In comparison with the week of 30 July through 5 August 2017, the industry recorded the following:

  • Occupancy: +1.0% to 75.3%
  • Average daily rate (ADR): +3.1% to US$132.88
  • Revenue per available room (RevPAR): +4.1% to US$100.07

Among the Top 25 Markets Chicago, Illinois, posted the largest increase in RevPAR (+15.2% to US$146.20), due primarily to the only double-digit lift in ADR (+11.0% to US$171.97).

St. Louis, Missouri-Illinois, experienced the largest rise in occupancy (+9.5% to 76.1) and the second-highest jump in RevPAR (+14.6% to US$81.55).

Boston, Massachusetts, registered the second-largest increase in ADR (+6.8% to US$220.13) and the only other double-digit increase in RevPAR (+12.0% to US$199.93).

Overall, 21 of the Top 25 Markets registered an increase in RevPAR.

Denver, Colorado, reported the only double-digit decrease in RevPAR (-10.0% to US$118.34), due to the largest decreases in occupancy (-5.4% to 84.5%) and ADR (-4.8% to US$140.02).

Norfolk/Virginia Beach, Virginia, experienced the second-largest drops in occupancy (-3.8% to 76.1%) and RevPAR (-5.1% to US$99.75).

View weekly U.S. hotel performance review

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.