STR: U.S. hotel results for week ending 23 June

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 June 2018, according to data from STR.

In comparison with the week of 18-24 June 2017, the industry recorded the following:

Occupancy: +0.1% to 75.9%
Average daily rate (ADR): +2.9% to US$133.28
Revenue per available room (RevPAR): +3.0% to US$101.12
Among the Top 25 Markets, Orlando, Florida, posted the largest jump in RevPAR (+15.3% to US$104.69), due primarily to the highest increase in ADR (+9.9% to US$125.71).

Houston, Texas, experienced the largest rise in occupancy (+6.1% to 65.5%) and the second-largest increase in RevPAR (+14.2% to US$69.77).

New York, New York, reported the only other double-digit increase in RevPAR (+11.5% to US$263.42), due mostly to the second-largest lift in ADR (+9.8% to US$286.60).

New Orleans, Louisiana, registered the only double-digit decline in ADR (-14.2% to US$140.32) and the largest decrease in RevPAR (-19.4% to US$99.55). Occupancy in the market fell 6.1% to 70.9%.

St. Louis, Missouri-Illinois, experienced the steepest decline in occupancy (-6.9% to 77.0%) and the only other double-digit decrease in RevPAR (-10.3% to US$85.48).

str logo

 

 

 

For more information, please visit str.com.

 

 

 

About the author

The MEET Family of Publications

The MEET brand produces regional and national publications that keep corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant industry suppliers, news, tech innovations, and resources that impact and influence how and where they plan their upcoming company function(s).