The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 10-16 May 2015, according to data from STR, Inc.In year-over-year measurements, the industry’s occupancy increased 0.5 percent to 70.3 percent. Average daily rate increased 5.2 percent to finish the week at US$122.10. Revenue per available room for the week was up 5.7 percent to finish at US$85.80.
Three of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Denver, Colorado (+21.8 percent to US$107.34); Nashville, Tennessee (+19.3 percent to US$106.52); and Washington, D.C.-Maryland-Virginia (+18.4 percent to US$164.89).
Houston, Texas, reported the largest decrease in RevPAR, down 17.1 percent to US$85.56.
Two markets recorded ADR increases of more than 15.0 percent: New Orleans, Louisiana (+19.5 percent to US$171.80), and Denver (+15.6 percent to US$128.03).
Houston (-7.1 percent to US$115.11) and Orlando, Florida (-2.1 percent to US$104.08) were the only markets to report decreases in ADR.
Nashville experienced the largest increase in occupancy, up 6.0 percent to 80.4 percent.
Houston (-10.7 percent to 74.3 percent) reported the steepest occupancy decline.