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STR: US Hotel Results For Week Ending 10 October

October 24, 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 4-10 October 2015, according to data from STR, Inc.http://www.centarahotelsresorts.com/

In year-over-year measurements, the industry’s occupancy increased 0.5% to 71.7%. Average daily rate for the week was up 4.5% to US$125.23. Revenue per available room increased 5.0% to finish the week at US$89.85.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the only double-digit increase in occupancy (+11.4% to 81.3%) as well as the largest increase in RevPAR (+23.4% to US$102.77). ADR in Minneapolis/St. Paul was up 10.7% to US$126.36.

Three additional markets saw RevPAR increases of more than 15.0%: San Francisco/San Mateo, California (+18.5% to US$242.59); Atlanta, Georgia (+16.2% to US$80.00); and Nashville, Tennessee (+15.4% to US$121.74).

Houston, Texas, reported the largest decrease in RevPAR, down 7.7% to US$80.53.

San Francisco/San Mateo posted the largest rise in ADR, up 15.6% to US$259.55. Overall, four markets reported a double-digit increase in ADR.

Washington, D.C.-Maryland-Virginia (-3.7% to US$168.63) was the only market to report a drop in ADR.

Houston experienced the steepest decline in occupancy, down 9.0% to 70.2%.

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