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STR: US hotel results for week ending 5 December

December 12, 2015 Hotel Trends No Comments Email Email

The U.S. hotel industry recorded positive results in two of the three key performance measurements during the week of 29 November through 5 December 2015, according to data from STR, Inc.http://join.travelmanagers.com.au/

In year-over-year measurements, the industry’s occupancy decreased 0.4% to 57.0%. However, average daily rate for the week was up 1.8% to US$116.51, and revenue per available room increased 1.5% to US$66.37.

Among the Top 25 Markets, Orlando, Florida, posted the largest increases in ADR (+15.1% to US$121.55) and RevPAR (+19.0% to US$85.46).

While no other market reported a double-digit rise in ADR, six markets in addition to Orlando did post a double-digit increase in RevPAR: Tampa/St. Petersburg, Florida (+14.8% to US$69.24); Oahu Island, Hawaii (+12.5% to US$164.05); Detroit, Michigan (+12.3% to US$59.16); Norfolk/Virginia Beach, Virginia (+11.3% to US$35.72); San Diego, California (+11.2% to US$80.49); and Philadelphia, Pennsylvania-New Jersey (+10.8% to US$77.20).

San Francisco/San Mateo, California, reported the steepest declines in ADR (-18.2% to US$184.62) and RevPAR (-24.2% to US$130.93).

Oahu Island experienced the largest year-over-year increase in occupancy, rising 9.9% to 81.7%.

The largest drop in occupancy came in Houston, Texas (-9.9% to 63.5%).

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