Hotel industry in U.S. reveals positive results for the last week of November

Published on : Saturday, December 5, 2015

STR-logoThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 22-28 November 2015, according to data from STR, Inc.

 

 

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%).

 

Source: STR.

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