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STR: US Hotel Results For Week Ending 31 October

November 7, 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 25-31 October 2015, according to data from STR, Inc.

In year-over-year measurements, the industry’s occupancy increased 1.2% to 62.3%. Average daily rate for the week was up 5.1% to US$120.46. Revenue per available room increased 6.4% to finish the week at US$75.06.

Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in ADR (+32.0% to US$281.16) and RevPAR (+35.1% to US$232.65). Occupancy in the market increased 2.4% to 82.7%.

Five additional markets saw RevPAR increases of more than 15.0%: Boston, Massachusetts (+34.2% to US$176.91); Tampa/St. Petersburg, Florida (+29.4% to US$75.30); Anaheim/Santa Ana, California (+19.4% to US$103.53); Atlanta, Georgia (+16.9% to US$67.21); and Minneapolis/St. Paul, Minnesota-Wisconsin (+15.6% to US$75.98). Overall, 16 of the Top 25 Markets experienced a double-digit increase in RevPAR.

Houston, Texas (-8.4% to US$76.46), and Chicago, Illinois (-7.4% to US$98.83), experienced the largest decreases in RevPAR for the week.

After San Francisco/San Mateo, five other markets posted a double-digit increase in ADR: Boston (+19.0% to US$217.76); Atlanta (+12.2% to US$101.36); Nashville, Tennessee (+11.0% to US$130.76); Dallas, Texas (+10.8% to US$106.68); and Tampa/St. Petersburg (+10.6% to US$108.18).

Chicago (-3.0% to US$146.97) was the only market to record negative ADR performance for the week.

In terms of occupancy, three markets reported a double-digit increase: Tampa/St. Petersburg (+17.0% to 69.6%); Boston (+12.8% to 81.2%); and Anaheim/Santa Ana (+11.1% to 74.4%).

Houston (-8.7% to 68.1%) saw the largest occupancy decrease.

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