The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 7-13 February 2016, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy decreased 3.0% to 62.5%. However, average daily rate for the week was up 3.3% to US$122.88, and revenue per available room rose 0.2% to US$76.76.
Three of the Top 25 Markets recorded a double-digit rise in RevPAR for the week: Los Angeles/Long Beach, California (+19.5% to US$150.78); San Francisco/San Mateo, California (+14.3% to US$209.47); and Orlando, Florida (+13.9% to US$114.10).
Two markets reported a double-digit decline in RevPAR: Houston, Texas (-13.7% to US$78.20), and New York, New York (-12.1% to US$152.51).
San Francisco/San Mateo posted the largest rise in ADR, up 17.6% to US$247.52. Los Angeles/Long Beach (+14.4% to US$178.30) was the only other market to record double-digit growth in the metric.
New York reported the only double-digit drop in ADR, down 12.6% to US$197.02.
Orlando (+4.6% to 84.2%) saw the largest increase in occupancy, while Houston (-10.6% to 68.4%) experienced the only double-digit decline in the metric.
