STR: US hotel results for week ending 31 December
 
STR: US hotel results for week ending 31 December
06 JANUARY 2017 8:52 AM

The U.S. hotel industry reported flat occupancy (-0.2% to 54.5%) while ADR increased 2.2% to $132.79 and RevPAR rose 2% to $72.38 during the week of 25-31 December, according to STR.

HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded mostly positive results in the three key performance metrics during the week of 25-31 December 2016, according to data from STR.

In year-over-year comparisons, the industry’s occupancy was nearly flat (-0.2% to 54.5%). However, average daily rate (ADR) rose 2.2% to US$132.79, and revenue per available room (RevPAR) increased 2.0% to US$72.38.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, saw the only double-digit increase in occupancy (+15.2% to 48.8%) and the largest increase in RevPAR (+20.5% to US$43.99). ADR in the market was up 4.6% to US$90.11.

Three additional markets experienced a double-digit lift in RevPAR for the week: Washington, D.C.-Maryland- Virginia (+15.8% to US$52.67), Minneapolis/St. Paul, Minnesota-Wisconsin (+13.2% to US$45.96); and Phoenix, Arizona (+11.1% to US$71.32).

Minneapolis/St. Paul was the only Top 25 Market to report a double-digit increase in ADR (+10.6% to US$100.73).

New Orleans, Louisiana, reported the steepest declines in ADR (-17.7% to US$145.21) and RevPAR (-27.9% to US$92.83).

Three others markets saw a double-digit drop in RevPAR: Dallas, Texas (-15.8% to US$41.25); Houston, Texas (-15.4% to US$33.69); and Miami/Hialeah, Florida (-15.1% to US$262.55).

Miami was the only other market to report a double-digit decrease in ADR (-10.3% to US$313.06).

Four markets saw a double-digit decline in occupancy: St. Louis, Missouri-Illinois (-13.7 to 47.0%); Dallas (-13.2% to 48.7%); New Orleans (-12.5% to 63.9%); and Houston (-10.3% to 41.6%).

View the U.S. hotel review for the week of 25-31 December 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.