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STR: US Hotel Results For Week Ending 22 August

August 31, 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 16-22 August 2015, according to data from STR, Inc.http://industryclub.com.au/

In year-over-year measurements, the industry’s occupancy increased 0.6% to 71.2%. Average daily rate for the week was up 3.4% to US$119.75. Revenue per available room increased 4.1% to finish the week at US$85.22.

Six of the Top 25 Markets reported double-digit increases in RevPAR: Orlando, Florida (+17.0% to US$63.28); New Orleans, Louisiana (+15.5% to US$61.63); Denver, Colorado (+13.2% to US$116.09); Boston, Massachusetts (+12.5% to US$174.92); Dallas, Texas (+11.3% to US$68.40); and Philadelphia, Pennsylvania-New Jersey (+11.2% to US$93.73).

Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest RevPAR decrease, down 12.7% to US$91.79.

Two markets posted double-digit ADR increases: Denver (+11.1% to US$133.56) and Boston (+10.4% to US$196.71).

New York, New York, recorded the largest ADR decrease for the week, down 4.1% to US$228.60. Minneapolis/St. Paul (-2.3% to US$117.88) was the only other market to report a drop in ADR for the week.

Orlando experienced the largest occupancy increase, up 9.8% to 68.3%.

Minneapolis/St. Paul saw the steepest occupancy decline, down 10.6% to 77.9%.

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