STR: US hotel results for week ending 21 October
 
STR: US hotel results for week ending 21 October
26 OCTOBER 2017 7:14 AM

The U.S. hotel industry reported occupancy rose 0.9% to 72.8% during the week of 15-21 October. ADR increased 1.7% to $131.58 during the week, and RevPAR rose 2.6% to $95.82.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 October 2017, according to data from STR.

In comparison with the week of 16-22 October 2016, the industry recorded the following:

  • Occupancy: +0.9% to 72.8%
  • Average daily rate (ADR): +1.7% to US$131.58
  • Revenue per available room (RevPAR): +2.6% to US$95.82

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+23.7% to 86.6%) and RevPAR (+25.9% to US$103.34). Post-Hurricane Harvey demand continues to drive performance levels in the market.

Tampa/St. Petersburg, Florida, reported the only other double-digit increases in occupancy (+11.5% to 78.2%) and RevPAR (+19.3% to US$94.58).

New Orleans, Louisiana, posted the only double-digit increase in ADR (+11.3% to US$176.72).

San Francisco/San Mateo, California, reported the steepest decline in RevPAR (-9.4% to US$215.49), due primarily to the week’s largest drop in ADR (-5.7% to US$243.35).

Dallas, Texas, experienced the largest decrease in occupancy (-4.7% to 74.0%).

Download the U.S. hotel review for the week ending 21 October here.

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

Haley Luther
Communications Associate
hluther@str.com
+1 (615) 824-8664 ext. 3500

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.