STR: US hotel results for week ending 4 February
 
STR: US hotel results for week ending 4 February
09 FEBRUARY 2017 9:22 AM

During the week ending 4 February, the U.S. hotel industry reported a 1.5% decrease in occupancy to 55.6%, nearly flat ADR (+0.2% to $119.58) and a 1.3% RevPAR decrease to $66.51.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 29 January through 4 February 2017, according to data from STR.

In a year-over-year comparison with the week of 31 January through 6 February 2016:

  • Occupancy: -1.5% to 55.6%
  • Average daily rate (ADR): +0.2% to US$119.58
  • Revenue per available room (RevPAR): -1.3% to US$66.51

Among the Top 25 Markets, Super Bowl LI host Houston, Texas, posted the week’s largest increase in RevPAR (+100.2% to US$133.68). That spike was driven by the week’s largest rise in ADR (+81.1% to US$193.17) and second largest lift in occupancy (+10.5% to 69.2%).

San Diego, California, saw the largest increase in occupancy (+10.9% to 74.0%) and the second largest jump in RevPAR (+23.6% to US$113.23).

Three additional Top 25 Markets experienced a double-digit lift in RevPAR: Norfolk/Virginia Beach, Virginia (+14.0% to US$33.14); Nashville, Tennessee (+13.7% to US$85.80); and Atlanta, Georgia (+12.8% to US$78.22).

In comparison with the week it hosted last year’s Super Bowl, San Francisco/San Mateo, California, reported the steepest decline in RevPAR (-32.7% to US$161.91). That decrease was due primarily to the week’s largest drop in ADR (-33.1% to US$213.10) as the market’s occupancy grew slightly (+0.5% to 76.0%).

New Orleans, Louisiana, reported the next highest decreases in ADR (-25.9% to US$144.42) and RevPAR (-32.6% to US$90.00). Occupancy in the market fell 9.1% to 62.3%.

St. Louis, Missouri, experienced the largest drop in occupancy (-12.0% to 49.6%) and the third largest decrease in RevPAR (-16.7% to US$46.02).

Download the U.S. hotel review for the week ending 4 February here.

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.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.