Login

STR: US Hotel Results for Week Ending 3 December

According to STR, the U.S. hotel industry reported mostly negative results for the week of 27 November to 3 December. Occupancy decreased 1.5% to 56%, ADR increased 0.5% to $117.31 and RevPAR fell 1% to $65.65.
By HNN Newswire
December 8, 2016 | 8:19 P.M.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 27 November through 3 December 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy fell 1.5% to 56.0%. Average daily rate (ADR) increased 0.5% to US$117.31. Revenue per available room (RevPAR) declined 1.0% to US$65.65.

San Diego, California, was the only Top 25 Market to record double-digit growth in ADR (+21.6% to US$157.39) and RevPAR (+26.0% to US$101.08). Occupancy in the market increased 3.6% to 64.2%.

Washington, D.C.-Maryland-Virginia, experienced the largest occupancy increase (+3.9% to 62.0%) and the second largest rise in RevPAR (+8.8% to US$89.04).

Overall, five the Top 25 Markets experienced a year-over-year occupancy increase for the week. Eight markets recorded positive RevPAR performance.

Houston, Texas, reported the only double-digit decline in occupancy (-14.0% to 54.5%) and the steepest drop in RevPAR (-18.9% to US$55.32). ADR in the market was down 5.7% to US$101.47.

Four additional markets saw a double-digit RevPAR decrease for the week: Orlando, Florida (-15.3% to US$71.76); Miami/Hialeah, Florida (-13.4% to US$197.58); New Orleans, Louisiana (-10.2% to US$88.47); and Philadelphia, Pennsylvania-New Jersey (-10.1% to US$69.69).

Miami/Hialeah reported the only double-digit drop in ADR (-10.1% to US$250.16).

View the U.S. hotel review for the week ending 3 December.

North America Media Contacts:

Jeff Higley
VP, Digital Media & Communications
jhigley@str.com
+1 (615) 824-8664 ext. 3318

Nick Minerd
Public Relations Manager
nminerd@str.com
+1 (615) 824-8664 ext. 3305

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.