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STR: US hotel results for week ending 18 October

October 27, 2014 Statistics & Trends No Comments Email Email

The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 12-18 October 2014, according to data from STR, Inc.

In year-over-year measurements, the industry’s occupancy rose 5.0 percent to 70.4 percent. Average daily rate increased 6.0 percent to finish the week at US$119.65. Revenue per available room for the week was up 11.3 percent to finish at US$84.21.

Of the Top 25 Markets, six reported RevPAR increases of more than 20.0 percent: San Francisco/San Mateo, California (+31.6 percent to US$265.93); Washington, D.C. (+29.0 percent to US$125.95); Orlando, Florida (+27.2 percent to US$81.67); Nashville, Tennessee (+25.8 percent to US$109.67); St. Louis, Missouri-Illinois (+24.9 percent to US$80.91); and Chicago, Illinois (+21.1 percent to US$130.09). Seattle, Washington, reported the only RevPAR decrease, falling 1.9 percent to US$107.08.

San Francisco/San Mateo (+30.1 percent to US$287.57) and Nashville (+14.7 percent to US$130.28) recorded the largest ADR increases for the week. Atlanta, Georgia, fell 1.2 percent to US$94.65, in ADR, posting the largest decrease in that metric.

Four markets achieved double-digit occupancy growth: Washington, D.C. (+19.7 percent to 77.5 percent); St. Louis (+12.0 percent to 76.7 percent); Orlando (+11.3 percent to 75.1 percent); and Tampa/St. Petersburg, Florida (+10.6 percent to 66.7 percent). Minneapolis/St. Paul, Minnesota-Wisconsin, fell 3.2 percent to 71.5 percent, experiencing the largest occupancy decrease for the week.

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