U.S. HOTELS REPORTED mixed performance results during the first week of March, according to STR. Occupancy dipped, dragging down RevPAR, while ADR rose.
Occupancy during the week of March 10-16 dropped 0.9 percent from the same time last year to 70.2 percent. ADR rose 0.6 percent to $134.50 while RevPAR fell 0.3 percent to $94.40. Similar performance was seen in February.
Los Angeles/Long Beach, California, recorded the highest rise in occupancy with an increase of 3.3 percent to 85.1 percent. New Orleans, Louisiana, saw the largest increase in ADR, up 9.5 percent to $178.41.
Among the top 25 markets, Denver, Colorado, registered the largest increase in RevPAR, up 9.1 percent to $104.57. Boston, Massachusetts, had the steepest decline in RevPAR, down 12.6 percent to $118.41, due mostly to the second-largest occupancy drop of 9.0 percent to 68 percent.
Philadelphia, Pennsylvania, reported the largest drop in occupancy, down 9.4 percent to 65.5 percent.
Chicago, Illinois, reported the largest decrease in ADR, down 5.4 percent to $124.85, which resulted in the second steepest decline in RevPAR, down 10.8 percent to $84.11.