U.S. hotel industry reported occupancy rose 4.5%Staff Writer | December 22, 2017
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 December 2017, according to data from STR.
Hospitality U.S. hotel results for week ending 16 December
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in each of the three key performance metrics: occupancy (+39.2% to 72.9%), ADR (+27.7% to $142.35) and RevPAR (+77.8% to $103.78).
STR analysts note that performance was helped by the American Geophysical Union Fall Meeting (11-15 December).
Atlanta, Georgia, posted the second-highest lift in ADR (+23.3% to $117.71), which contributed to the second-largest rise in RevPAR (+39.4% to $79.96).
Overall, eight of the Top 25 Markets reported double-digit increases in RevPAR.
San Francisco/San Mateo, California, reported the only double-digit declines in the three key performance metrics: occupancy (-13.7% to 72.1%), ADR (-10.7% to $186.69) and RevPAR (-22.9% to $134.54).
Dallas, Texas, saw the second-largest decreases in occupancy (-5.3% to 59.7%) and RevPAR (-3.4% to $60.07).
Chicago, Illinois experienced the second-largest drop in ADR (-1.9% to $111.27). ■