The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 18-24 October 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy increased 1.7% to 70.6%. Average daily rate for the week was up 4.6% to US$124.76. Revenue per available room increased 6.4% to finish the week at US$88.08.
Among the Top 25 Markets, Atlanta, Georgia, reported the largest increases in ADR (+13.2% to US$113.55) and RevPAR (+20.2% to US$87.67). Occupancy in the market increased 6.2% to 77.2%.
Two additional markets saw RevPAR increases of more than 15.0%: Anaheim/Santa Ana, California (+17.9% to US$120.69), and San Diego, California (+16.7% to US$127.11). Overall, 13 of the Top 25 Markets reported a double-digit rise in RevPAR.
New Orleans, Louisiana (-9.6% to US$117.57), and Orlando, Florida (-7.2% to US$85.68), experienced the largest decreases in RevPAR for the week.
After Atlanta, two other markets posted a double-digit increase in ADR: Nashville, Tennessee (+11.4% to US$147.86), and San Diego (+10.5% to US$158.50).
Three markets recorded negative ADR performance for the week, with New Orleans (-3.8% to US$155.31) reporting the largest drop.
In terms of occupancy, the largest year-over-year increases were reported in Anaheim/Santa Ana (+8.4% to 82.2%); Minneapolis/St. Paul, Minnesota-Wisconsin (+8.3% to 75.9%); and Tampa/St. Petersburg, Florida (+8.2% to 73.7%).
Denver, Colorado (-7.6% to 77.3%), saw the largest occupancy decrease.