Hotel industry in U.S. reports negative results for the week ending on Dec. 26

Published on : Friday, January 1, 2016

STR-logoThe U.S. hotel industry reported negative results in the three key performance measurements during the week of 20-26 December 2015, according to data from STR, Inc.

 

 

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%.

 

 

Source: STR.

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 AIME 2018 BB
  • 02 WTM Latin America 2018
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 itb-china 2018
  • 06 Central & Eastern Europe 2018
  • 06 imtm 2018
  • 06 TTF-2018
  • 07 balttour 2018
  • 07 ibtm arabia 2018
  • 08 mice-arabia 18
  • 08 OTM 2018
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 10 miceforum 18
  • 11 Digital Travel 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com