HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 22-28 April 2018, according to data from STR.
In comparison with the week of 23-29 April 2017, the industry recorded the following:
- Occupancy: -0.6% to 69.8%
- Average daily rate (ADR): +2.3% to US$130.40
- Revenue per available room (RevPAR): +1.7% to US$91.05
Among the Top 25 Markets, Detroit, Michigan, registered the only double-digit jump in RevPAR (+17.8% to US$89.18), which came as a result of the largest increases in occupancy (+9.1% to 79.3%) and ADR (+8.0% to US$112.47).
Overall, 18 of the Top 25 Markets reported growth in RevPAR.
St. Louis, Missouri-Illinois, saw the steepest declines in occupancy (-15.1% to 66.2%) and RevPAR (-22.5% to US$70.20).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.