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STR: US Hotel Results For Week Ending 8 August

August 15, 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 2-8 August 2015, according to data from STR, Inc.http://join.travelmanagers.com.au/

In year-over-year measurements, the industry’s occupancy increased 1.6% to 77.0%. Average daily rate for the week was up 4.0% to US$123.84. Revenue per available room increased 5.7% to finish the week at US$95.34.

Five of the Top 25 Markets reported RevPAR increases of more than 15.0%: Norfolk/Virginia Beach, Virginia (+21.3% to US$114.86); Nashville, Tennessee (+17.6% to US$98.73); Dallas, Texas (+17.0% to US$66.34); Seattle, Washington (+16.4% to US$183.02); and Denver, Colorado (+15.3% to US$115.61).

Philadelphia, Pennsylvania-New Jersey (-5.3% to US$88.56), reported the largest RevPAR decrease for the week.

Three markets posted double-digit ADR increases: Seattle (+15.4% to US$191.38); Nashville (+11.0% to US$125.00); and Denver (+10.1% to US$127.93).

Washington, D.C.-Maryland-Virginia (-4.1% to US$130.43), recorded the largest ADR decrease for the week.

Norfolk/Virginia Beach experienced the only double-digit occupancy increase, up 11.5% to 86.8%.

Houston, Texas, saw the steepest decline in occupancy, down 5.2% to 65.7%.

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