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Published on : Saturday, December 5, 2015
In year-over-year measurements, the industry’s occupancy increased 1.1% to 49.5%. Average daily rate for the week was up 2.4% to US$104.15. Revenue per available room increased 3.5% to finish the week at US$51.52.
Among the Top 25 Markets, Atlanta, Georgia, posted the largest increases in ADR (+9.0% to US$77.40) and RevPAR (+13.2% to US$36.70). Occupancy in the market rose 3.8% to 47.4%.
Three additional markets recorded a double-digit increase in RevPAR: Seattle, Washington (+12.2% to US$59.02); Nashville, Tennessee (+10.9% to US$54.98); and Miami/Hialeah, Florida (+10.4% to US$123.58).
New York, New York, reported the steepest declines in ADR (-4.1% to US$237.66) and RevPAR (-5.5% to US$183.67).
Norfolk/Virginia Beach, Virginia, experienced the largest year-over-year increase in occupancy, rising 7.3% to 41.8%. The largest drop in occupancy came in Dallas, Texas (-2.2% to 49.7%).