US HOTEL OCCUPANCY UP 1.5 PERCENT TO 68.0 PERCENT WEEK ENDING APRIL 30TH - 2016

Posted by admin 07/03/2017 (last updated at: 13/03/2017) 0 Comment(s) Industry,

The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 24-30 April 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy increased 1.5% to 68.0%. Average daily rate for the week was up 0.6% to US$121.15. Revenue per available room rose 2.2% to US$82.34. 

Among the Top 25 Markets, St. Louis, Missouri-Illinois, posted the largest increases in ADR (+12.0% to US$114.08) and RevPAR (+27.0% to US$90.15). Occupancy in the market grew 13.4% to 79.0%.

Four additional markets experienced a RevPAR increase of 15.0% or larger: Norfolk/Virginia Beach, Virginia (+24.5% to US$60.18); Tampa/St. Petersburg, Florida (+18.6% to US$101.67); Minneapolis/St. Paul, Minnesota-Wisconsin (+17.8% to US$85.36); and Nashville, Tennessee (+15.9% to US$117.45).

Two Top 25 Markets saw a double-digit decline in RevPAR: San Francisco/San Mateo, California (-10.8% to US$178.90), and New York, New York (-10.1% to US$215.66).

After St. Louis, three other markets posted a double-digit lift in ADR: Nashville (+11.7% to US$145.40); Tampa/St. Petersburg (+10.2% to US$129.47); and Los Angeles/Long Beach, California (+10.1% to US$173.84).

New York (-7.2% to US$249.64) reported the largest ADR decrease for the week.  

Norfolk/Virginia Beach experienced the largest increase in occupancy, up 14.0% to 63.5%. No other market after Norfolk/Virginia Beach and St. Louis saw a double-digit rise in the metric.

Atlanta, Georgia (-7.8% to 69.1%), reported the steepest decline in occupancy.

 

  • Source: STR.com