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STR: US hotel results for week ending 24 October

November 2, 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 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.

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