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STR: US Hotel Results For Week Ending 29 August

September 7, 2015 Hotel Trends No Comments Print Print Email Email

The U.S. hotel industry recorded mixed results in the three key performance measurements during the week of 23-29 August 2015, according to data from STR, Inc.http://eventscrm.ttgasia.com/ttg2016/itcmchina/buyer/itcmbuyer.asp?code=GlobalTravelMedia

In year-over-year measurements, the industry’s occupancy decreased 2.7% to 64.8%. Average daily rate for the week was up 1.5% to US$115.95. Revenue per available room declined 1.2% to finish the week at US$75.16.

Friday and Saturday performance was down significantly, primarily due to the shift of Labor Day from 1 September 2014 to 7 September 2015.

Three of the Top 25 Markets reported double-digit increases in RevPAR during the week: Tampa/St. Petersburg, Florida (+11.3% to US$60.66); New Orleans, Louisiana (+10.7% to US$69.04); and Nashville, Tennessee (+10.4% to US$86.06). Overall, 14 markets experienced a RevPAR increase for the week.

St. Louis, Missouri-Illinois, reported the largest RevPAR decrease, down 20.1% to US$54.21. Overall, five markets saw double-digit decreases in RevPAR.

Nashville was the only market to post a double-digit increase in ADR, up 11.9% to US$123.45.

San Francisco/San Mateo, California, recorded the largest ADR decrease for the week, down 8.0% to US$221.62.

Tampa/St. Petersburg experienced the largest occupancy increase, up 6.4% to 61.7%.

St. Louis (-14.5% to 57.9%) and Houston, Texas (-13.2% to 62.6%), were the two markets to see double-digit declines in occupancy. Overall, 17 markets saw a year-over-year drop in occupancy.

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