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STR: US hotel results for week ending 2 January

January 16, 2016 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry reported positive results in the three key performance measurements during the week of 27 December 2015 through 2 January 2016, according to data from STR, Inc.http://www.ramadaphuketdeevana.com/

In year-over-year measurements, the industry’s occupancy increased 5.5% to 54.7%. Average daily rate for the week was up 3.2% to US$128.90, and revenue per available room increased 8.9% to US$70.52.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest increases in occupancy (+43.0% to 54.5%) and RevPAR (+54.7% to US$46.17). ADR in the market was up 8.2% to US$84.72.

Five additional markets recorded RevPAR growth of 20.0% or higher: Dallas, Texas (+36.2% to US$49.14); Norfolk/Virginia Beach, Virginia (+23.1% to US$32.91); Detroit, Michigan (+23.1% to US$40.19); Tampa/St. Petersburg, Florida (+22.8% to US$95.13); and Chicago, Illinois (+20.5% to US$53.39).

While 13 of the Top 25 Markets experienced a double-digit increase in RevPAR, New Orleans, Louisiana (-4.4% to US$128.24), and New York, New York (-0.1% to US$239.01) were the only markets to report a decrease in the metric.

Four markets posted a double-digit rise in ADR: Dallas (+13.1% to US$87.44); Tampa/St. Petersburg (+12.4% to US$121.77); Orlando, Florida (+10.3% to US$157.58); and Los Angeles/Long Beach, California (+10.2% to US$169.83).

Of the three markets to report a drop in ADR, New Orleans (-7.0% to US$175.71) reported the largest decrease.

After St. Louis, five other markets experienced a double-digit increase in occupancy: Dallas (+20.4% to 56.2%); Detroit (+15.1% to 46.3%); Norfolk/Virginia Beach (+14.2% to 42.4%); Philadelphia, Pennsylvania-New Jersey (+13.4% to 46.2%); and Chicago (+11.7% to 49.1%).

Miami/Hialeah, Florida (-1.1% to 88.9%) saw the largest decrease in occupancy.

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