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STR: US Hotel Results For Week Ending 2 May

May 11, 2015 Statistics & Trends No Comments Email Email

The U.S. hotel industry recorded positive results in two of the three key performance measurements during the week of 26 April through 2 May 2015, according to data from STR, Inc. year-over-year measurements, the industry’s occupancy decreased 0.9 percent to 67.0 percent. Average daily rate increased 3.6 percent to finish the week at US$120.16, and revenue per available room for the week was up 2.7 percent to finish at US$80.53.

Six of the Top 25 Markets reported double-digit RevPAR increases: Seattle, Washington (+16.9 percent to US$102.48); New Orleans, Louisiana (+15.1 percent to US$161.16); San Diego, California (+14.6 percent to US$119.19); San Francisco/San Mateo, California (+14.3 percent to US$200.80); St. Louis, Missouri-Illinois (+10.1 percent to US$70.50); and Dallas, Texas (+10.0 percent to US$74.27).

Three markets recorded double-digit ADR increases: New Orleans (+13.2 percent to US$198.87); San Francisco/San Mateo (+11.1 percent to US$223.49); and San Diego (+10.1 percent to US$151.91).

Seattle saw the largest rise in occupancy, up 7.8 percent to 75.4 percent.

Philadelphia, Pennsylvania-New Jersey, reported the largest decreases in each of the three key performance metrics. Occupancy in the market dropped 8.5 percent to 71.0 percent; ADR fell 9.9 percent to US$131.51; and RevPAR decreased 17.6 percent to US$93.41.

Norfolk/Virginia Beach, Virginia (-12.2 percent to US$46.10) also experienced a double-digit decrease in RevPAR.

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