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News Details

STR: U.S. hotel results for week ending 6 October

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The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from . In comparison with the week of 1-7 October 2017, the industry recorded the following:

Among the Top 25 Markets, , registered the largest increases in each of the three key performance metrics: occupancy (+25.9% to 73.5%), ADR (+25.4% to US$168.75) and RevPAR (+57.8% to US$123.99). saw the second-largest increase in RevPAR (+11.7% to US$309.67). posted the second-highest rise in occupancy (+5.5% to 80.2%) and the third-largest jump in RevPAR (+11.3% to US$120.77). Overall, 16 of the Top 25 Markets reported an increase in RevPAR. experienced the steepest declines in occupancy (-26.7% to 62.8%) and RevPAR (-31.5% to US$67.08). Houston's hotel performance was lifted in the weeks and months that followed Hurricane Harvey in 2017 as properties filled with displaced residents, relief workers, insurance adjustors, media members, etc. posted the only double-digit drop in ADR (-10.6% to US$270.26). saw the second-largest decrease in occupancy (-13.6% to 66.4%), resulting in the third-largest decrease in RevPAR (-14.1% to US$79.16). , registered the second-largest decline in RevPAR (-15.0% to US$92.71), due primarily to the only other double-digit drop in occupancy (-12.0% to 72.8%).