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STR: US hotel results for week ending 17 October

October 24, 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 11-17 October 2015, according to data from STR, Inc.http://www.travelcounsellors.com.au/au/leisure

In year-over-year measurements, the industry’s occupancy increased 1.8% to 71.8%. Average daily rate for the week was up 3.6% to US$123.77. Revenue per available room increased 5.5% to finish the week at US$88.91.

Among the Top 25 Markets, Dallas, Texas, reported the largest increases in each of the three key performance metrics. Occupancy in the market rose 13.5% to 81.2%; ADR was up 14.6% to US$111.00; and RevPAR increased 30.0% to US$90.12.

Minneapolis/St. Paul, Minnesota-Wisconsin, also experienced double-digit growth across the three measurements. Occupancy in the market increased 12.8% to 80.5%; ADR was up 11.0% to US$124.04; and RevPAR rose 25.2% to US$99.88.

After Dallas and Minneapolis/St. Paul, three other markets reported double-digit increases in RevPAR: Tampa/St. Petersburg, Florida (+11.5% to US$77.25); Nashville, Tennessee (+11.1% to US$121.76); and Anaheim/Santa Ana, California (+10.6% to US$127.80).

St. Louis, Missouri-Illinois, saw the steepest decline in RevPAR (-14.1% to US$68.98) and the only double-digit drop in occupancy (-10.5% to 68.9%).

San Francisco/San Mateo, California, reported the only double-digit decrease in ADR (-10.5% to US$257.40) as well as a double-digit drop in RevPAR (-13.0% to US$230.97).

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