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STR: US Hotel Results For Week Ending 14 November

November 21, 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 8-14 November 2015, according to data from STR, Inc.http://www.oasisspa.net/

In year-over-year measurements, the industry’s occupancy increased 2.4% to 64.4%. Average daily rate for the week was up 3.7% to US$118.37. Revenue per available room increased 6.2% to finish the week at US$76.23.

Eight of the Top 25 Markets reported RevPAR increases of 15.0% or higher: Orlando, Florida (+28.6% to US$90.61); Tampa/St. Petersburg, Florida (+28.0% to US$82.23); San Francisco/San Mateo, California (+19.3% to US$213.64); Dallas, Texas (+18.3% to US$78.82); Oahu Island, Hawaii (+17.8% to US$201.37); Norfolk/Virginia Beach, Virginia (+16.6% to US$39.93); Phoenix, Arizona (+15.4% to US$101.43); and Chicago, Illinois (+15.0% to US$112.45).

Philadelphia, Pennsylvania-New Jersey (-15.6% to US$93.20), and New Orleans, Louisiana (-14.2% to US$104.63), were the only two markets to see a double-digit decrease in RevPAR.

Three markets posted a double-digit rise in ADR: San Francisco/San Mateo (+16.2% to US$238.81), Orlando (+13.5% to US$119.86) and Tampa/St. Petersburg (+11.4% to US$108.35).

Philadelphia (-12.7% to US$129.76) was the only market to report a double-digit drop in ADR.

Two markets experienced a double-digit increase in occupancy: Tampa/St. Petersburg (+14.8% to 75.9%) and Orlando (+13.3% to 75.6%).

New Orleans (-7.3% to 70.7%) and Atlanta, Georgia (-6.9% to 66.1%), saw the steepest occupancy declines for the week.

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