U.S. hotel occupancy was flat at 69.5% during the week of 19-25 August, while ADR increased 1.8% to $127.55 to lift RevPAR up 1.8% to $88.69.
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 August 2018, according to data from STR.
In comparison with the week of 20-26 August 2017, the industry recorded the following:
- Occupancy: flat at 69.5%
- Average daily rate (ADR): +1.8% to US$127.55
- Revenue per available room (RevPAR): +1.8% to US$88.69
Among the Top 25 Markets, Atlanta, Georgia, posted the largest increase in RevPAR (+19.8% to US$79.61), due primarily to the only double-digit lift in ADR (+11.4% to US$110.34).
Phoenix, Arizona, experienced the largest rise in occupancy (+8.3% to 60.7%).
Chicago, Illinois, registered the second-highest increases in ADR (+8.9% to US$147.40) and RevPAR (+15.4% to US$112.92).
Overall, 22 of the Top 25 Markets registered growth in RevPAR.
STR analysts note that percentage changes in several markets were negatively affected by a comparison with the week of the Great American Eclipse in 2017.
St. Louis, Missouri-Illinois, reported the only double-digit decreases in occupancy (-15.7% to 68.0%) and RevPAR (-22.0% to US$74.61), as well as the largest drop in ADR (-7.5% to US$109.65).
Nashville, Tennessee, posted the only other decline in ADR (-2.7% to US$149.88) and the second-largest decrease in RevPAR (-5.8% to US$118.93).
Dallas, Texas, experienced the second-largest drop in occupancy (-6.8% to 63.2%) and the only other decline in RevPAR (-2.8% to US$64.45).
North America Media Contacts:
+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 email@example.com.