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STR: US Hotel Results For Week Ending 3 October

October 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 27 September through 3 October 2015, according to data from STR, Inc.http://join.travelmanagers.com.au/

In year-over-year measurements, the industry’s occupancy increased 3.4% to 68.8%. Average daily rate for the week was up 8.0% to US$124.96. Revenue per available room increased 11.6% to finish the week at US$86.01.

Among the Top 25 Markets, New York, New York, reported the largest increases in ADR (+24.4% to US$367.05) and RevPAR (+32.5% to US$336.03). Occupancy in the market increased 6.6% to 91.5%.

Four additional markets saw RevPAR increases of more than 20.0%: Philadelphia, Pennsylvania-New Jersey (+28.8% to US$106.17); Washington, D.C.-Maryland-Virginia (+27.5% to US$130.62); Anaheim/Santa Ana, California (+27.2% to US$124.07); and Minneapolis/St. Paul, Minnesota-Wisconsin (+22.3% to US$96.28). Overall, 18 markets experienced a double-digit RevPAR increase.

Houston, Texas, reported the largest decrease in RevPAR, down 9.8% to US$72.42.

After New York, seven markets posted a double-digit rise in ADR. Philadelphia (+17.7% to US$142.93) was the only other market to report an ADR increase of more than 15.0%.

Two markets reported a drop in ADR: San Francisco/San Mateo, California (-11.5% to US$246.91), and Houston (-1.6% to US$109.43).

Four markets saw a double-digit rise in occupancy: Anaheim/Santa Ana (+14.1% to 85.1%); Phoenix, Arizona (+11.7% to 63.0%); Washington, D.C. (+11.0% to 76.2%); and Minneapolis (+10.3% to 77.1%).

Norfolk/Virginia Beach, Virginia, experienced the only double-digit decline in occupancy, down 10.6% to 45.8%.

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