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STR: US Hotel Results For Week Ending 1 August

August 10, 2015 Hotel Trends No Comments 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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