STR: US hotel results for week ending 1 September
 
STR: US hotel results for week ending 1 September
07 SEPTEMBER 2018 7:51 AM

U.S. hotel occupancy increased 1.6% to 67% during the week ending 1 September. ADR rose 3% to $125.16 and RevPAR increased 4.6% to $83.88.

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR.

In comparison with the week of 27 August through 2 September 2017, the industry recorded the following:

• Occupancy: +1.6% to 67.0%
• Average daily rate (ADR): +3.0% to US$125.16
• Revenue per available room (RevPAR): +4.6% to US$83.88

Among the Top 25 Markets, St. Louis, Missouri-Illinois, registered the highest jump in RevPAR (+21.1% to US$70.51), driven by the second-largest increases in occupancy (+12.2% to 66.4%) and ADR (+8.0% to US$106.20).

New Orleans, Louisiana, experienced the highest rise in occupancy (+17.1% to 53.6%) and the second-largest increase in RevPAR (+14.4% to US$61.00).

Orlando, Florida, posted the largest lift in ADR (+8.4% to US$105.61).

Overall, 19 of the Top 25 Markets registered an increase in RevPAR.

In comparison with the week that followed the landfall of Hurricane Harvey in 2017, Houston, Texas, reported the steepest declines in ADR (-4.2% to US$95.94) and RevPAR (-19.2% to US$55.94). The market also matched for the largest drop in occupancy (-15.6% to 58.3%).

Dallas, Texas, registered the other largest decrease in occupancy (-15.6% to 62.8%) and the second-largest decline in RevPAR (-16.2% to US$62.70).

Oahu Island, Hawaii, experienced the second-largest drop in occupancy (-6.9% to 76.6%).

Download STR's weekly U.S. hotel review here.

North America Media Contacts:
Nick Minerd
Communications Director
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.