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STR: US Hotel Results For Week Ending 21 November

November 27, 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 15-21 November 2015, according to data from STR, Inc.http://www.legrandebaliuluwatu.com/

In year-over-year measurements, the industry’s occupancy increased 3.7% to 63.1%. Average daily rate for the week was up 3.8% to US$116.26. Revenue per available room increased 7.6% to finish the week at US$73.33.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, posted the largest increases in occupancy (+18.4% to 71.8%) and RevPAR (+34.2% to US$86.32). ADR in the market was up 13.4% to US$120.28.

Five additional markets reported an increase in RevPAR of more than 15.0%: Tampa/St. Petersburg, Florida (+24.5% to US$75.07); Miami/Hialeah, Florida (+21.9% to US$157.53); San Francisco/San Mateo, California (+19.9% to US$182.75); Atlanta, Georgia (+17.9% to US$71.14); and Nashville, Tennessee (+15.2% to US$97.83). Overall, 13 of the Top 25 Markets saw a double-digit increase in RevPAR for the week.

In terms of ADR, San Francisco/San Mateo posted the largest increase, up 13.9% to US$212.21. In addition to Minneapolis/St. Paul, three other markets reported a double-digit rise in ADR: Miami/Hialeah (+11.7% to US$188.64), Atlanta (+11.4% to US$103.56) and Nashville (+11.1% to US$131.33).

After Minneapolis/St. Paul, Tampa/St. Petersburg was the only other market to experience a double-digit rise in occupancy, up 13.7% to 71.2%.

New Orleans, Louisiana, reported the only double-digit decreases in occupancy (-12.0% to 67.9%) and RevPAR (-20.5% to US$96.34) as well as the steepest decline in ADR (-9.7% to US$141.87).

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