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STR: US Hotel Results For Week Ending 1 August

August 10, 2015 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 26 July through 1 August 2015, according to data from STR, Inc.http://www.miceasiaexhibition.com/

In year-over-year measurements, the industry’s occupancy increased 1.5% to 77.5%. Average daily rate for the week was up 4.6% to US$124.00. Revenue per available room increased 6.1% to finish the week at US$96.09.

Five of the Top 25 Markets reported RevPAR increases of more than 15.0%: Atlanta, Georgia (+25.7% to US$80.43); New Orleans, Louisiana (+18.0% to US$81.80); Denver, Colorado (+16.9% to US$119.54); Nashville, Tennessee (+16.3% to US$100.55); and Anaheim/Santa Ana, California (+15.9% to US$166.06). Overall, 11 of the Top 25 Markets posted double-digit RevPAR increases for the week.

Oahu Island, Hawaii (-4.4% to US$207.43), and San Diego, California (-4.4% to US$153.68), recorded the largest RevPAR decreases for the week.

Five markets posted double-digit ADR increases: Atlanta (+17.2% to US$104.42); Los Angeles/Long Beach, California (+13.2% to US$189.79); Nashville (+11.4% to US$125.68); Anaheim/Santa Ana (+11.0% to US$173.79); and Denver (10.9% to US$130.50).

San Diego (-1.3% to US$171.97) and Philadelphia, Pennsylvania-New Jersey (-0.5% to US$122.37), were the only two markets to report an ADR decrease for the week.

New Orleans experienced the only double-digit occupancy increase, up 11.4% to 70.4%.

Oahu Island saw the steepest decline in occupancy, down 5.1% to 87.5%.

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