Hotel industry in U.S. reports positive results

Published on : Friday, December 18, 2015

STR-logoThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 6-12 December 2015, according to data from STR, Inc.

 

 

 

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%).

 
Source: STR.

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