The U.S. hotel industry reported mixed year-over-year results for the week ending 5 November, as occupancy decreased 3.5% to 64%, ADR increased 1.6% to $123.17 and RevPAR fell 1.9% to $78.82.
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 30 October through 5 November 2016, according to data from STR.
In year-over-year comparisons, the industry’s occupancy fell 3.5% to 64.0%. Average daily rate (ADR) increased 1.6% to US$123.17. Revenue per available room (RevPAR) decreased 1.9% to US$78.82.
Opposite from last week, STR analysts cite a negative effect on results due to a Halloween calendar shift. The holiday was not included in the comparable week from 2015.
Among the Top 25 Markets, Orlando, Florida, saw the largest year-over-year increases in occupancy (+7.2% to 74.6%) and RevPAR (+15.2% to US$89.48). ADR in the market rose 7.5% to US$120.01.
Two additional markets registered a double-digit rise in RevPAR: New Orleans, Louisiana (+11.6% to US$130.53), and World Series co-host, Chicago, Illinois (+10.1% to US$117.57).
Chicago also posted the largest increase in ADR, up 9.4% to US$158.90.
St. Louis, Missouri, reported the steepest declines in occupancy (-14.1% to 62.1%) and RevPAR (-18.3% to US$61.13). ADR in the market fell 4.9% to US$98.41.
Three additional markets experienced a double-digit drop in RevPAR for the week: Boston, Massachusetts (-16.9% to US$135.55); Miami/Hialeah, Florida (-16.5% to US$125.97); and Houston, Texas (-15.1% to US$64.90).
Miami/Hialeah reported the largest decrease in ADR, down 5.6% to US$172.80.
After St. Louis, three other markets saw a double-digit decline in occupancy: Boston (-13.6% to 69.8%), Miami/Hialeah (-11.5% to 72.9%) and Houston (-10.5% to 61.8%).
North America Media Contacts:
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
Public Relations Manager
+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 email@example.com.