The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 17-23 May 2015, according to data from STR, Inc.In year-over-year measurements, the industry’s occupancy increased 1.4 percent to 71.4 percent. Average daily rate increased 4.7 percent to finish the week at US$121.96. Revenue per available room for the week was up 6.2 percent to finish at US$87.10.
Four of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Denver, Colorado (+19.6 percent to US$115.77); New Orleans, Louisiana (+19.3 percent to US$119.79); Phoenix, Arizona (+16.2 percent to US$78.87); and Nashville, Tennessee (+15.6 percent to US$106.79).
San Francisco/San Mateo, California (-4.6 percent to US$207.16) and Houston, Texas (-3.7 percent to US$79.03) were the only markets to report a decrease in RevPAR.
Three markets recorded double-digit ADR increases: New Orleans (+21.3 percent to US$161.81); Denver (+14.4 percent to US$130.38); and Nashville (+12.6 percent to US$129.10).
San Francisco/San Mateo (-2.6 percent to US$225.25) and Houston (-0.9 percent to US$108.76) were the only markets to report decreases in ADR.
Phoenix experienced the largest increase in occupancy, up 8.3 percent to 70.9 percent.
Houston (-2.8 percent to 72.7 percent) reported the steepest occupancy decline.