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%).
North America Media Contacts:
Public Relations Manager
+1 (615) 824-8664 ext. 3305
+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 firstname.lastname@example.org.