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STR: US Hotel Results For Week Ending 19 September

September 28, 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 13-19 September 2015, according to data from STR, Inc.http://www.colestraining.com/

In year-over-year measurements, the industry’s occupancy increased 1.7% to 72.0%. Average daily rate for the week was up 3.7% to US$123.89. Revenue per available room increased 5.5% to finish the week at US$89.15.

Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in ADR (+29.7% to US$312.91) and RevPAR (+28.0% to US$289.55). Occupancy in the market decreased 1.4% to 92.5%.

Three additional markets saw RevPAR increases of more than 15.0%: Norfolk/Virginia Beach, Virginia (+18.9% to US$59.74); Chicago, Illinois (+18.4% to US$154.65); and Anaheim/Santa Ana, California (+16.8% to US$119.29).

After San Francisco/San Mateo, two markets posted a double-digit rise in ADR: Chicago (+11.8% to US$176.37) and Los Angeles/Long Beach, California (+10.0% to US$160.50).

Norfolk/Virginia Beach experienced the only double-digit increase in occupancy, up 10.1% to 63.2%.

New Orleans, Louisiana, reported the largest decreases in each of the three key performance metrics. Occupancy in the market dropped 12.8% to 65.6%; ADR was down 4.4% to US$130.33; and RevPAR fell 16.6% to US$85.47.

No other Top 25 Market saw a double-digit decrease for any of the three key performance measurements.

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