For the week of 10-16 April, the U.S. hotel industry saw occupancy fall 1.8% to 67.5%, while ADR increased 1.6% to $123.22 and RevPAR remained nearly flat (-0.2% to $83.16).
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded mixed results in the three key performance metrics during the week of 10-16 April 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy fell 1.8% to 67.5%. Average daily rate for the week was up 1.6% to US$123.22. Revenue per available room remained nearly flat (-0.2% to US$83.16).
Four of the Top 25 Markets recorded a double-digit increase in RevPAR: Detroit, Michigan (+19.5% to US$69.67); Los Angeles/Long Beach, California (+17.6% to US$152.63); Norfolk/Virginia Beach, Virginia (+15.9% to US$54.86); and Phoenix, Arizona (+12.3% to US$105.60).
Two markets posted a double-digit rise in ADR: Los Angeles/Long Beach (+13.6% to US$179.54) and Detroit (+10.1% to US$100.80).
Detroit experienced the largest lift in occupancy, up 8.6% to 69.1%.
Chicago, Illinois, reported the largest decreases in each of the three key performance metrics. Occupancy in the market fell 11.1% to 72.2%; ADR was down 12.4% to US$140.12; and RevPAR dropped 22.1% to US$101.16.
Two additional markets saw a double-digit decline in RevPAR: Miami/Hialeah, Florida (-12.4% to US$158.26), and Houston, Texas (-10.2% to US$71.85).
After Chicago, Houston (-10.7% to 65.1%) was the only other market to report a double-digit decrease in occupancy.
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
Public Relations Coordinator
+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 Managing Editor Alicia Hoisington at email@example.com.