The US hotel industry posted positive results in three key performance measurements during the week of December 15th-21st, according to data from Smith Travel Research.
In year-over-year measurements, the industry’s occupancy increased 8.8 percent to 47 percent. Average daily rate rose 4.1 percent to finish the week at $96.97. Revenue per available room for the week was up 13.3 percent to finish at $45.54.
Among the top 25 markets, Houston reported the largest occupancy increase, rising 19.6 percent to 56.9 percent, followed by Tampa-St Petersburg, Florida, with an 18.6-percent increase to 50.5 percent. Oahu Island, Hawaii (-5.0 percent to 73.0 percent), and New York City (-0.7 percent to 78.3 percent), reported the only occupancy decreases.
Dallas, Texas (+12.3 percent to $83.44) and Houston (+11.4 percent to $92.51) achieved the largest ADR increases during the week. There were no ADR decreases reported for the week.
Five markets experienced RevPAR growth of more than 25 percent: Houston (+33.2 percent to $52.67); Dallas (+28.3 percent to $44.15); Boston (+27.2 percent to $64.41); Minneapolis-St Paul, Minnesota (+25.5 percent to $45.66); and Seattle, Washington (+25.1 percent to $59.57). There were no RevPAR decreases reported for the week.
