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).