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).
North America Media Contacts:
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
Public Relations Manager
+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 email@example.com.