U.S. Lodging Industry Overview

A Cushman & Wakefield Valuation & Advisory Publication

Top 25 Markets Average Rate Percent Change – Mid-Year 2016

Top 25 Markets ADR YTD Jun. 15 vs. Jun. 16, Percent Change

300.00

-3.9%

250.00

9.1%

2.1%

-2.4%

200.00

2.9%

10.5%

1.2%

1.7%

150.00

2.2%

5.0%

2.9%

dollars

-0.1%

-0.4%

6.6%

6.4%

0.1%

5.5%

3.2%

4.3%

4.1%

-1.3%

1.7%

5.4%

7.2%

1.0%

100.00

4.4%

7.1%

50.00

0.00

YTD Jun 15 YTD Jun 16

Source: STR Republication or Other Re-Use of this Data Without the Express Written Permission of STR is Strictly Prohibited

Many of the top occupancy markets are also average rate leaders. Nevertheless, 20 percent of the top 25 markets had declining average rates. It is interesting to note that approximately half of the markets exceeded the national average, and those markets had rate growth of over 100 basis points.

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