THANKSGIVING WEEK WAS good to the U.S. hotel market, with occupancy, ADR and RevPAR all higher than the same time last year, according to STR. Despite being in recovery still from Hurricane Harvey, Houston saw the largest increases between Nov. 19 and 25.
Nationally, occupancy rose 1.4 percent over the same time last year to 51.4 percent, while ADR rose 2 percent to $109.99 and RevPAR saw a 3.4 percent increase to $56.52. Houston saw a 32.8 percent increase in occupancy to 56 percent, a 16 percent increase in ADR to $92.58 and a 54.1 percent increase in RevPAR to $51.86.
Boston had the second best performance in the top 25 markets. Occupancy rose 10.6 percent to 54.3 percent leading to an 11.7 percent increase in RevPAR to $72.98. Orlando, Florida, saw an 18.2 percent increase in RevPAR and a 9.6 percent rise in ADR.
Dallas saw the steepest declines in occupancy, dropping 6.7 percent to 50.0 percent, leading RevPAR to go down 5.5 percent to $43.18. New Orleans and Chicago saw the biggest cuts to ADR, down 2.4 percent to $128.59 in the former and also 2.4 percent to $112.85 in Chicago.