STR: US hotel performance for June 2017
 
STR: US hotel performance for June 2017
19 JULY 2017 8:54 AM

The U.S. hotel industry reported its 88th consecutive month of RevPAR growth (+2.8%) in June year-over-year comparisons, according to monthly data from STR, which also cited growth in occupancy (+0.7%) and ADR (+2.1%).

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive results in the three key performance metrics during June 2017, according to data from STR.

In a year-over-year comparison with June 2016, the industry reported the following:

  • Occupancy: +0.7% to 73.4%
  • Average daily rate (ADR): +2.1% to US$129.12
  • Revenue per available room (RevPAR): +2.8% to US$94.73

“The industry sold more roomnights than any other June on record and achieved a record occupancy level for the month,” said Jan Freitag, STR’s senior VP for lodging insights.

“Once again we were a bit surprised by the strength in room demand. Transient occupancy (bookings of less than 10 rooms) increased 1.4%, while Group occupancy (bookings of 10 or more rooms) was actually down 2.1%. So the current demand environment is driven by individual travelers, be they domestic or foreign summer travelers. As long as unemployment numbers remain low, and modest but healthy economic growth remains the norm, the hotel industry will continue to benefit.”

RevPAR has now grown year over year for 88 consecutive months in the U.S.

Two Top 25 Markets posted double-digit growth in RevPAR for the month: Orlando, Florida (+11.5% to US$91.39), and Norfolk/Virginia Beach, Virginia (+10.7% to US$92.67).

Seattle, Washington, posted the largest growth in ADR (+7.8% to US$192.22).

Norfolk/Virginia Beach reported the largest increase in occupancy (+6.9% to 77.1%).

San Francisco/San Mateo, California, experienced the largest RevPAR decrease (-12.6% to US$197.97), due primarily to the steepest decline in ADR (-9.6% to US$225.58).

Houston, Texas, reported the largest drop in occupancy (-6.2% to 61.4%) and the only other double-digit decrease in RevPAR (-10.8% to US$60.22).

Download the June 2017 U.S. hotel review 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.