trending Market Intelligence /marketintelligence/en/news-insights/trending/oz20uz2qefgyn3iau4jpig2 content esgSubNav
In This List

STR: US hotels log positive results for week ended Sept. 29


S&P Capital IQ Pro | Powered by Expert Insights


Q&A: Streamlining Analytics for TCFD Reporting


Evergrande and the wider impact: a sentiment analytics based perspective


Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

STR: US hotels log positive results for week ended Sept. 29

U.S. hotels posted positive performance for the week ended Sept. 29, according to STR data.

Year over year, revenue per available room increased 9.1% to $98.15, and average daily rate rose 7.3% to finish the week at $137.31. Occupancy ticked up 1.7%, to 71.5%.

Thanks to Dreamforce 2018, San Francisco/San Mateo, Calif., posted the steepest RevPAR increase of the top 25 U.S. markets at 60.5% to $334.78 and saw the largest increase in ADR, adding 52.0% to $369.01.

Detroit posted the largest increase in occupancy, with the metric rising 14.3%, to 78.1%.

Houston saw RevPAR decline 16.7% to $82.84, the largest decrease. The market also logged the steepest fall in occupancy, sliding 22.2%, to 67.4%.

St. Louis, Mo.-Ill., recorded the only ADR decrease of the week, losing 3.0% to $110.92.