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Published on : Friday, December 18, 2015
In year-over-year measurements, the industry’s occupancy increased 0.1% to 58.3%. Average daily rate for the week was up 3.0% to US$115.42. Revenue per available room rose 3.2% to US$67.26.
Among the Top 25 Markets, New Orleans, Louisiana, posted the largest performance increases in each of the three key performance metrics. Occupancy in the market rose 15.8% to 71.4%; ADR was up 24.6% to US$154.84; and RevPAR spiked 44.3% to US$110.62.
Four additional markets reported double-digit growth in RevPAR: Philadelphia, Pennsylvania-New Jersey (+21.3% to US$91.44); Norfolk/Virginia Beach, Virginia (+15.5% to US$38.52); Tampa/St. Petersburg, Florida (+15.3% to US$74.10); and Orlando, Florida (+11.4% to US$87.34).
After New Orleans, two other markets posted a double-digit rise in ADR: Philadelphia (+11.5% to US$133.84) and Orlando (+10.2% to US$116.96).
No additional markets saw a double-digit increase in occupancy.
San Francisco/San Mateo, California, reported the only double-digit decreases in ADR (-12.6% to US$189.99) and RevPAR (-18.3% to US$147.97).
The largest drop in occupancy occurred in Denver, Colorado (-7.6% to 64.5%).