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STR: US Hotel Results For Week Ending 11 April

April 18, 2015 Statistics & Trends No Comments Email Email

Tennessee—The U.S. hotel industry recorded mixed results in the three key performance measurements during the week of 5-11 April 2015, according to data from STR, Inc. year-over-year measurements, the industry’s occupancy decreased 0.5 percent to 68.4 percent. Average daily rate increased 1.4 percent to finish the week at US$118.15. Revenue per available room for the week was up 0.9 percent to finish at US$80.76.

Three of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Norfolk/Virginia Beach, Virginia (+30.2 percent to US$56.11); Tampa/St. Petersburg, Florida (+22.2 percent to US$118.77); and Orlando, Florida (+18.2 percent to US$114.38). Miami/Hialeah, Florida, followed with a 14.9-percent RevPAR increase to US$193.60.

Five markets reported RevPAR decreases of 15.0 percent or more: Philadelphia, Pennsylvania-New Jersey (-18.8 percent to US$82.61); New Orleans, Louisiana (-16.0 percent to US$124.30); Houston, Texas (-15.9 percent to US$71.60); Chicago, Illinois (-15.2 percent to US$79.08); and St. Louis, Missouri-Illinois (-15.0 percent to US$65.22).

Two markets recorded double-digit ADR increases during the week: Tampa/St. Petersburg (+14.0 percent to US$138.30) and Miami/Hialeah (+12.6 percent to US$231.23).

Philadelphia (-11.3 percent to US$118.53) was the only market to report a double-digit ADR decrease.

Two markets recorded double-digit occupancy increases: Norfolk/Virginia Beach (+19.9 percent to 64.2 percent) and Orlando (+11.0 percent to 91.1 percent).

Four markets reported double-digit occupancy decreases: Houston (-12.8 percent to 68.1 percent); New Orleans (-11.6 percent to 76.1 percent); St. Louis (-10.7 percent to 67.0 percent); and Chicago (-10.5 percent to 64.9 percent).

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