Average Daily Rate at U.S. Hotels Surpasses $127

Average Daily Rate at U.S. Hotels Surpasses $127

The Average Daily Rates (ADR) at U.S. hotels reached $127.12 during the week of August 13-19, a 2.5% increase from the previous week, according to a report by STR. The report, which was cited by Hotels News Now, also found the following:

  • In comparison with the week of 14-20 August 2016, the industry recorded the following:
    • Occupancy: +1.4% to 72.3%
    • Average daily rate (ADR): +2.1% to US$127.12
    • Revenue per available room (RevPAR): +3.5% to US$91.85

    Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest year-over-year increases in occupancy (+8.4% to 69.2%) and RevPAR (+18.3% to US$73.84). ADR in the market rose 9.1% to US$106.66.

    Nashville, Tennessee, posted the only other double-digit increase in RevPAR (+11.3% to US$115.76), due to the only double-digit rise in ADR (+11.2% to US$147.81) in the Top 25.

    Philadelphia, Pennsylvania-New Jersey, experienced the largest drop in each of the three key performance metrics: occupancy (-6.2% to 73.2%), ADR (-5.2% to US$120.50) and RevPAR (-11.1% to US$88.19).