STR: US hotel formula for week finale 31 December

 STR: US hotel formula for week finale 31 December

The U.S. hotel attention accessible mostly certain formula in a 3 pivotal opening metrics during a week of 25-31 Dec 2016, according to information from STR.

In year-over-year comparisons, a industry’s occupancy was scarcely prosaic (-0.2% to 54.5%). However, normal daily rate (ADR) rose 2.2% to US$132.79, and income per accessible room (RevPAR) increasing 2.0% to US$72.38.

Among a Top 25 Markets, Norfolk/Virginia Beach, Virginia, saw a usually double-digit boost in occupancy (+15.2% to 48.8%) and a largest boost in RevPAR (+20.5% to US$43.99). ADR in a marketplace was adult 4.6% to US$90.11.

Three additional markets gifted a double-digit lift in RevPAR for a week: Washington, D.C.-Maryland- Virginia (+15.8% to US$52.67), Minneapolis/St. Paul, Minnesota-Wisconsin (+13.2% to US$45.96); and Phoenix, Arizona (+11.1% to US$71.32).

Minneapolis/St. Paul was a usually Top 25 Market to news a double-digit boost in ADR (+10.6% to US$100.73).

New Orleans, Louisiana, reported a steepest declines in ADR (-17.7% to US$145.21) and RevPAR (-27.9% to US$92.83).

Three others markets saw a double-digit dump in RevPAR: Dallas, Texas (-15.8% to US$41.25); Houston, Texas (-15.4% to US$33.69); and Miami/Hialeah, Florida (-15.1% to US$262.55).

Miami was a usually other marketplace to news a double-digit diminution in ADR (-10.3% to US$313.06).

Four markets saw a double-digit decrease in occupancy: St. Louis, Missouri-Illinois (-13.7 to 47.0%); Dallas (-13.2% to 48.7%); New Orleans (-12.5% to 63.9%); and Houston (-10.3% to 41.6%).

About STR

STR provides clients from mixed marketplace sectors with premium, tellurian information benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a participation in 16 countries with a corporate North American domicile in Hendersonville, Tennessee, and an general domicile in London, England.

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