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US hotel sector witnesses mixed results in 3 weekly metrics


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US hotel sector witnesses mixed results in 3 weekly metrics

U.S. hotels booked mixed results across three key performancemetrics in the week ended April 23.

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RevPAR remained almost flat during the week, dropping 0.1% yearover year to close at $83.76. ADR rose 1.8% to finish the week at $122.47 and occupancydeclined 1.9%, to 68.4% during the period, according to STR Inc.

Among the top 25 markets, New Orleans witnessed the largest RevPARgrowth during the week, increasing 20.0% to $159.05. Four other markets recordeddouble-digit gains: Norfolk/Virginia Beach, Va., jumped 17.5%; Dallas rose 16.9%;Los Angeles/Long Beach added 14.1%; and Oahu Island, Hawaii, surged 10.5%.

Likewise, five markets suffered a double-digit fall in RevPAR,with the Philadelphia, Pa.-N.J., market logging the largest drop, down 25.5% to$94.98. The San Francisco/San Mateo market decreased 21.3%; St. Louis, Mo.-Ill.,fell 20.8%; Houston was down 20.7%; and Washington, D.C.-Md.-Va., fell 12.1%.

Los Angeles/Long Beach and New Orleans were the only two marketsthat recorded double-digit increases in ADR, rising 11.0% to $170.46 and 10.0% to$190.67, respectively.

The San Francisco/San Mateo market, meanwhile, suffered the largestdecline in ADR, falling 15.9% to $211.26. Philadelphia was the only other marketto post a double-digit decline in ADR, dropping 12.6% to $130.71.

In terms of occupancy, the Dallas market saw the largest gain,rising 9.9%, to 82.6%, followed by the New Orleans market, which increased 9.1%,to 83.4%.

On the other hand, three markets witnessed a double-digit fallin occupancy, with the Houston market slumping 15.8%, to 63.0%; St. Louis decreasing15.3%, to 68.2%; and Philadelphia dropping 14.8%, to 72.7%.