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STR: US Hotel Results For Week Ending 26 September

October 6, 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 20-26 September 2015, according to data from STR, Inc.

In year-over-year measurements, the industry’s occupancy increased 2.3% to 70.3%. Average daily rate for the week was up 4.9% to US$122.56. Revenue per available room increased 7.2% to finish the week at US$86.17.

Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in ADR (+41.1% to US$175.49) and RevPAR (+35.2% to US$121.61). Occupancy in the market decreased 4.1% to 69.3%. Philadelphia was one of three Top 25 Markets to host Pope Francis during his visit to the U.S.

Three additional markets saw RevPAR increases of more than 15.0%: Minneapolis/St. Paul, Minnesota (+19.6% to US$103.06); Tampa/St. Petersburg, Florida (+18.8% to US$65.97); and Denver, Colorado (+16.7% to US$116.09).

After Philadelphia, two markets posted a double-digit rise in ADR: Nashville, Tennessee (+12.3% to US$137.82) and Denver (+10.7% to US$135.48).

Minneapolis/St. Paul experienced the only double-digit increase in occupancy, up 11.2% to 83.8%.

Houston, Texas, reported the largest declines in occupancy (-4.6% to 68.9%) and RevPAR (-5.2% to US$75.50) as well as the only decrease in ADR (-0.5% to US$109.53).

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