U.S. hotel industry continues to growStaff Writer | August 26, 2017
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of August 13-19, 2017, according to data from STR.
Hospitality U.S. hotel results for week ending August 19
Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest year-over-year increases in occupancy (+8.4% to 69.2%) and RevPAR (+18.3% to $73.84). ADR in the market rose 9.1% to $106.66.
Nashville, Tennessee, posted the only other double-digit increase in RevPAR (+11.3% to $115.76), due to the only double-digit rise in ADR (+11.2% to $147.81) in the Top 25.
Philadelphia, Pennsylvania-New Jersey, experienced the largest drop in each of the three key performance metrics: occupancy (-6.2% to 73.2%), ADR (-5.2% to $120.50) and RevPAR (-11.1% to $88.19). ■