The U.S. hotel industry recorded positive results in the three key performance measurements during the week of May 18th through the 24th, according to data from Smith Travel Research (STR).
In year-over-year measurements, the industry’s occupancy increased 3.7 percent to 70.2 percent. ADR increased 5.4 percent to finish the week at $116.84. RevPAR for the week was up 9.2 percent to finish at $81.97.
Among the top 25 markets, Tampa/St. Petersburg, Florida, reported the largest occupancy increase, rising 14.1 percent to 74.8 percent, followed by Atlanta (up 13.4 percent to 73.6 percent), and San Diego (up 10.1 percent to 78.7 percent). Anaheim/Santa Ana, California (down 3.9 percent to 77.1 percent), and New Orleans (down 3.8 percent to 75.2 percent), posted the largest occupancy decreases for the time period.
Five markets experienced double-digit ADR increases: San Francisco/San Mateo, California (up 21.6 percent to $231.20); San Diego (up 15.2 percent to $149.38); Nashville, Tennessee (up 14.9 percent to $115.10); Tampa/St. Petersburg (up 10.7 percent to $109.63); and Houston (up 10.3 percent to $110.18). Philadelphia, Pennsylvania-New Jersey (down 5.6 percent to $130.20), and New Orleans (down 2.1 percent to $133.55) reported the only ADR decreases.
Five markets achieved RevPAR increases of more than 20 percent: San Diego (up 26.9 percent to $117.60); Tampa/St. Petersburg (up 26.3 percent to $82.04); San Francisco/San Mateo (up 26.2 percent to $217.17); Atlanta (up 24.2 percent to $66.24); and Nashville (20.6 percent to $92.24). Philadelphia reported the largest RevPAR decrease, falling 9.1 percent to $98.27.
