STR: U.S. hotel results for week ending 28 April

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).

 

 

About STR
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.

About the author

Joe Clote

Joseph W. Clote is owner of Publishing Concepts, LLC a communications and marketing firm based in Saint Louis, Missouri. Mr. Clote is Group Publisher of MeetMed™ and Missouri Meetings & Events™ (MM&E) magazine, a quarterly publication read by thousands of meeting and event professionals, and producer of the St. Louis and Kansas City trade shows under the MM&E name. Mr. Clote has extensive sales and marketing expertise in the travel, tourism, fine art, insurance, and software development industries.