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STR: US Hotel Results For Week Ending 7 November

November 16, 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 1-7 November 2015, according to data from STR, Inc.http://www.rembrandtbkk.com/

In year-over-year measurements, the industry’s occupancy increased 0.2% to 66.4%. Average daily rate for the week was up 3.1% to US$120.73. Revenue per available room increased 3.3% to finish the week at US$80.23.

Among the Top 25 Markets, San Diego, California, reported the only double-digit rise in ADR (+12.9% to US$152.21) and the largest increase in RevPAR (+19.9% to US$116.10). Occupancy in the market increased 6.3% to 76.3%.

Five additional markets saw double-digit increases in RevPAR: Dallas, Texas (+17.5% to US$85.28); Philadelphia, Pennsylvania-New Jersey (+16.1% to US$97.29); Tampa/St. Petersburg, Florida (+14.6% to US$80.56); Atlanta, Georgia (+13.9% to US$73.55); and Nashville, Tennessee (+10.7% to US$105.09).

In terms of occupancy, Dallas (+9.8% to 79.3%) and Tampa/St. Petersburg (+8.2% to 74.6%) reported the most significant increases.

Chicago reported the largest decreases for each of the three key performance metrics. Occupancy in the market fell 9.7% to 73.5%; ADR dropped 10.1% to US$145.15; and RevPAR decreased 18.9% to US$106.73

Two other markets reported a double-digit decline in RevPAR: Houston, Texas (-11.9% to US$76.10), and New Orleans, Louisiana (-11.6% to US$117.36).

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