STR: US hotel results for week ending 17 February
 
STR: US hotel results for week ending 17 February
22 FEBRUARY 2018 8:59 AM

During the week of 11-17 February, the U.S. hotel industry saw occupancy increase 1.2% to 62.9%, ADR increase 3.2% to $128.75 and RevPAR increase 4.4% to $80.99.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR.

In comparison with the week of 12-18 February 2017, the industry recorded the following:

  • Occupancy: +1.2% to 62.9%
  • Average daily rate (ADR): +3.2% to US$128.75
  • Revenue per available room (RevPAR): +4.4% to US$80.99

Among the Top 25 Markets, San Diego, California, reported the largest increase in RevPAR (+26.1% to US$142.06), due primarily to the highest jump in ADR (+16.9% to US$174.51).

Orlando, Florida, experienced the only double-digit rise in occupancy (+11.7% to 85.6%), resulting in the second-largest lift in RevPAR (+23.4% to US$127.96). ADR in the market rose 10.5% to US$149.45.

Miami/Hialeah, Florida, posted the second-highest jump in ADR (+15.9% to US$289.77), resulting in the third-largest increase in RevPAR (+20.7% to US$260.02).

Overall, six of the Top 25 Markets reported double-digit increases in RevPAR.

San Francisco/San Mateo, California, reported the steepest declines in ADR (-25.5% to US$206.10) and RevPAR (-31.0% to US$164.80).

Seattle, Washington, saw the only double-digit decline in occupancy (-12.8% to 67.2%) and the second-largest drop in RevPAR (-17.5% to US$88.25).

New Orleans, Louisiana, reported the only other double-digit decrease in ADR (-11.5% to US$175.69).

Download STR's U.S. hotel review for the week of 11-17 February.

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

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.