The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 19-25 April 2015, according to data from STR, Inc.In year-over-year measurements, the industry’s occupancy increased 4.3 percent to 69.8 percent. Average daily rate increased 6.5 percent to finish the week at US$120.07. Revenue per available room for the week was up 11.0 percent to finish at US$83.86.
Five of the Top 25 Markets reported RevPAR increases of more than 25.0 percent: San Francisco/San Mateo, California (+42.1 percent to US$228.13); Philadelphia, Pennsylvania-New Jersey (+36.3 percent to US$127.62); Washington, D.C.-Maryland-Virginia (+34.6 percent to US$154.19); Detroit, Michigan (+33.5 percent to US$69.66); and Chicago, Illinois (+27.5 percent to US$109.97).
Anaheim/Santa Ana, California, reported the largest decrease in RevPAR, down 4.3 percent to US$98.12.
Three markets recorded ADR increases of more than 15.0 percent during the week: San Francisco/San Mateo (+36.5 percent to US$251.96); Washington, D.C. (+20.7 percent to US$179.82); and Philadelphia (+15.1 percent to US$149.53).
New York, New York, reported the largest ADR decrease, down 2.7 percent to US$259.18.
Philadelphia (+18.4 percent to 85.3 percent) and Detroit (+18.2 percent to 71.5 percent) posted the top occupancy increases. Overall, seven markets reported double-digit occupancy increases.
Anaheim/Santa Ana (-5.6 percent to 74.1 percent) reported the steepest decline in occupancy.