STR: U.S. hotel results for week ending 28 July
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 22-28 July 2018, according to data from STR.
In comparison with the week of 23-29 July 2017, the industry recorded the following:Occupancy: +1.3% to 78.5%
Average daily rate (ADR): +2.9% to US$135.94
Revenue per available room (RevPAR): +4.2% to US$106.66
Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, registered the largest increase in RevPAR (+17.7% to US$110.67).
San Francisco/San Mateo, California, posted the largest lift in ADR (+15.2% to US$292.75) and the second-highest rise in RevPAR (+16.6% to US$281.18).
Houston, Texas, experienced the largest increase in occupancy (+9.6% to 67.8%), which drove the third-highest jump in RevPAR (+16.3% to US$67.97).
Overall, 18 of the Top 25 Markets registered an increase in RevPAR.
Miami/Hialeah, Florida, reported the steepest decrease in RevPAR (-6.4% to US$134.24), due in part to the largest drop in ADR (-2.3% to US$163.08). Occupancy in the market fell 4.2% to 82.3%.
St. Louis, Missouri-Illinois, experienced the largest decline in occupancy (-5.3% to 78.3%) and the second-largest decrease in RevPAR (-5.8% to US$89.64).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
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