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STR: US Hotel Results For Week Ending 28 November

December 12, 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 22-28 November 2015, according to data from STR, Inc.

In year-over-year measurements, the industry’s occupancy increased 1.1% to 49.5%. Average daily rate for the week was up 2.4% to US$104.15. Revenue per available room increased 3.5% to finish the week at US$51.52.

Among the Top 25 Markets, Atlanta, Georgia, posted the largest increases in ADR (+9.0% to US$77.40) and RevPAR (+13.2% to US$36.70). Occupancy in the market rose 3.8% to 47.4%.

Three additional markets recorded a double-digit increase in RevPAR: Seattle, Washington (+12.2% to US$59.02); Nashville, Tennessee (+10.9% to US$54.98); and Miami/Hialeah, Florida (+10.4% to US$123.58).

New York, New York, reported the steepest declines in ADR (-4.1% to US$237.66) and RevPAR (-5.5% to US$183.67).

Norfolk/Virginia Beach, Virginia, experienced the largest year-over-year increase in occupancy, rising 7.3% to 41.8%. The largest drop in occupancy came in Dallas, Texas (-2.2% to 49.7%).

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