STR: US hotel results for week ending 4 August
 
STR: US hotel results for week ending 4 August
09 AUGUST 2018 8:38 AM

The U.S. hotel industry reported occupancy rose 1% to 75.3% during the week of 29 July to 4 August. ADR increased 3.1% to $132.88 and RevPAR rose 4.1% to $100.07.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 July through 4 August 2018, according to data from STR.

In comparison with the week of 30 July through 5 August 2017, the industry recorded the following:

  • Occupancy: +1.0% to 75.3%
  • Average daily rate (ADR): +3.1% to US$132.88
  • Revenue per available room (RevPAR): +4.1% to US$100.07

Among the Top 25 Markets Chicago, Illinois, posted the largest increase in RevPAR (+15.2% to US$146.20), due primarily to the only double-digit lift in ADR (+11.0% to US$171.97).

St. Louis, Missouri-Illinois, experienced the largest rise in occupancy (+9.5% to 76.1) and the second-highest jump in RevPAR (+14.6% to US$81.55).

Boston, Massachusetts, registered the second-largest increase in ADR (+6.8% to US$220.13) and the only other double-digit increase in RevPAR (+12.0% to US$199.93).

Overall, 21 of the Top 25 Markets registered an increase in RevPAR.

Denver, Colorado, reported the only double-digit decrease in RevPAR (-10.0% to US$118.34), due to the largest decreases in occupancy (-5.4% to 84.5%) and ADR (-4.8% to US$140.02).

Norfolk/Virginia Beach, Virginia, experienced the second-largest drops in occupancy (-3.8% to 76.1%) and RevPAR (-5.1% to US$99.75).

Download STR's U.S. hotel review for the week ending 4 August.

North America Media Contacts:
Nick Minerd
Communications Director
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.