STR: US hotel results for week ending 14 April
 
STR: US hotel results for week ending 14 April
19 APRIL 2018 7:36 AM

During the week of 8-14 April, the U.S. hotel industry reported occupancy rose 6.1% to 68.1%, ADR increased 5.8% to $130.57 and RevPAR jumped 12.2% to $88.95.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 8-14 April 2018, according to data from STR.

In comparison with the week of 9-15 April 2017, the industry recorded the following:

  • Occupancy: +6.1% to 68.1%
  • Average daily rate (ADR): +5.8% to US$130.57
  • Revenue per available room (RevPAR): +12.2% to US$88.95

STR analysts note performance growth was boosted by a favorable comparison with the week of Easter in 2017.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increases in all three key performance metrics: occupancy (+26.1% to 85.0%), ADR (+36.8% to US$180.63) and RevPAR (+72.6% to US$153.48).

Chicago, Illinois, posted the second-largest increases in ADR (+23.8% to US$149.12) and RevPAR (+47.3% to US$110.22).

Denver, Colorado, experienced the second-highest rise in occupancy (+23.4% to 74.1%), resulting in the third-largest lift in RevPAR (+42.6% to US$96.04).

Overall, 15 of the Top 25 Markets reported double-digit growth in RevPAR.

Norfolk/Virginia Beach, Virginia, saw the steepest declines in occupancy (-14.2% to 64.6%) and RevPAR (-21.2% to US$60.77). ADR in the market fell 8.1% to US$94.02.

Miami/Hialeah, Florida, reported the largest drop in ADR (-9.5% to US$211.89).

Orlando, Florida, experienced the only other double-digit decrease in occupancy (-12.3% to 79.2%).

Download STR's weekly U.S. hotel review 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

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