Multi-Index Trend — 12 Months (Mar 2025 – Feb 2026)
RGI, MPI, and ARI overlaid against fair share (100). Green dots = at or above fair share; red dots = below.
RGI 86.0 ↓ MPI 93.2 ARI 92.3
145 130 115 100 85 70 100 Aug: MPI 141 / RGI 121 Jan: RGI 75.8 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb RGI MPI ARI
Year-Over-Year Comparison
Feb 2026 vs Feb 2025
RevPAR −3.9%
Metric Feb 2026 Feb 2025 Change
Occupancy 67.7% 72.1% −4.4 pts
ADR $152.36 $148.90 +$3.46 (+2.3%)
RevPAR $103.13 $107.30 −$4.17 (−3.9%)
RGI 86.0 97.9 −11.9 pts
RevPAR declined despite ADR gains — occupancy compression drove the drop. HOURP is pricing better year-over-year but losing rooms, resulting in a net revenue step-down.
Compset Momentum
Tax RevPAR • YoY change • Ranked by performance
HIEx South Med Ctr $91
+8.2% Surging
DoubleTree Med Ctr $106
+4.3% Growing
Residence Inn $88
+1.8% Growing
Hampton Inn NRG $77
−0.5% Stable
Holiday Inn S NRG $68
−3.2% Slowing
Courtyard Med Ctr $59
−7.1% Declining
Holiday Inn NRG under renovation through Jun 2026 — slowing numbers reflect disruption, not structural demand loss.
Strategic Insight
HOURP's summer spike (Aug–Sep) was driven by pure occupancy capture (MPI 141) while pricing at a steep discount (ARI 86). The pattern reversed in winter — occupancy collapsed but rate held. This suggests HOURP wins on value when demand is strong but cannot generate its own demand in soft periods. Strategy: protect rate floor in Q4/Q1, push occupancy in Q2/Q3.