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STR: US hotel results for week ending 12 December

December 21, 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 6-12 December 2015, according to data from STR, Inc. year-over-year measurements, the industry’s occupancy increased 0.1% to 58.3%. Average daily rate for the week was up 3.0% to US$115.42. Revenue per available room rose 3.2% to US$67.26.

Among the Top 25 Markets, New Orleans, Louisiana, posted the largest performance increases in each of the three key performance metrics. Occupancy in the market rose 15.8% to 71.4%; ADR was up 24.6% to US$154.84; and RevPAR spiked 44.3% to US$110.62.

Four additional markets reported double-digit growth in RevPAR: Philadelphia, Pennsylvania-New Jersey (+21.3% to US$91.44); Norfolk/Virginia Beach, Virginia (+15.5% to US$38.52); Tampa/St. Petersburg, Florida (+15.3% to US$74.10); and Orlando, Florida (+11.4% to US$87.34).

After New Orleans, two other markets posted a double-digit rise in ADR: Philadelphia (+11.5% to US$133.84) and Orlando (+10.2% to US$116.96).

No additional markets saw a double-digit increase in occupancy.

San Francisco/San Mateo, California, reported the only double-digit decreases in ADR (-12.6% to US$189.99) and RevPAR (-18.3% to US$147.97).

The largest drop in occupancy occurred in Denver, Colorado (-7.6% to 64.5%).

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