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STR: US Hotel Results For Week Ending 15 August

August 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 9-15 August 2015, according to data from STR, Inc.http://www.questexevent.com/HotelManagementSummit/2015sg/

In year-over-year measurements, the industry’s occupancy increased 1.2% to 74.3%. Average daily rate for the week was up 3.9% to US$122.30. Revenue per available room increased 5.1% to finish the week at US$90.85.

Six of the Top 25 Markets reported double-digit increases in RevPAR: New Orleans, Louisiana (+24.1% to US$67.43); St. Louis, Missouri-Illinois (+14.6% to US$77.67); Denver, Colorado (+12.8% to US$114.03); Los Angeles/Long Beach, California (+12.3% to US$166.65); Orlando, Florida (+12.0% to US$73.91); and Anaheim/Santa Ana, California (+11.3% to US$149.70).

New York, New York (-3.8% to US$204.55), and San Francisco/San Mateo, California (-3.5% to US$221.71), reported the largest RevPAR decreases for the week.

Three markets posted double-digit ADR increases: Seattle, Washington (+10.7% to US$183.40); Los Angeles/Long Beach (+10.4% to US$185.10); and New Orleans (+10.2% to US$112.44).

New York recorded the largest ADR decrease for the week, down 2.7% to US$232.84.

New Orleans experienced the only double-digit occupancy increase, up 12.5% to 60.0%.

Houston, Texas (-5.4% to 68.7%), and Detroit, Michigan (-5.0% to 77.4%), saw the steepest declines in occupancy.

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