Published on : Friday, January 1, 2016
In year-over-year measurements, the industry’s occupancy decreased 4.0% to 42.8%. Average daily rate for the week was down 1.7% to US$108.34. Revenue per available room fell 5.6% to US$46.37.
Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest increases in occupancy (+6.3% to 36.8%) and RevPAR (+8.1% to US$28.00). ADR in the market was up 1.6% to US$75.99.
Overall, only six markets experienced RevPAR growth for the week.
Three of the markets that reported a decrease in RevPAR saw a double-digit drop in the metric: San Diego, California (-13.6% to US$61.87); New York, New York (-13.5% to US$157.54); and Miami/Hialeah, Florida (-12.8% to US$164.48).
ADR increased in 16 of the Top 25 Markets. The top increases were posted in Denver, Colorado (+5.9% to US$89.20), and Atlanta, Georgia (+5.8% to US$71.85).
New York reported the only double-digit decrease in ADR, down 10.0% to US$209.75.
After St. Louis, only three markets experienced an increase in occupancy: Norfolk/Virginia Beach, Virginia (+3.7% to 36.1%); Oahu Island, Hawaii (+0.3% to 86.0%); and Philadelphia, Pennsylvania-New Jersey (+0.3% to 37.3%).
San Diego saw the only double-digit decline in occupancy, down 11.0% to 55.8%.