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Published on : Friday, June 5, 2015
In year-over-year measurements, the industry’s occupancy increased 2.2 percent to 63.5 percent. Average daily rate increased 4.7 percent to finish the week at US$114.73. Revenue per available room for the week was up 7.0 percent to finish at US$72.83.
Five of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: New Orleans, Louisiana (+23.8 percent to US$94.29); San Francisco/San Mateo, California (+19.6 percent to US$170.09); Nashville, Tennessee (+17.8 percent to US$82.42); Dallas, Texas (+17.0 percent to US$60.83); and Seattle, Washington (+15.2 percent to US$109.91).
New York, New York, was the only market to report a decrease in RevPAR, down 0.9 percent to US$217.35.
Three markets recorded double-digit ADR increases: New Orleans (+15.8 percent to US$139.91); San Francisco/San Mateo (+13.2 percent to US$199.50); and Nashville (+12.2 percent to US$118.90).
New York reported the only ADR decrease for the week, down 0.5 percent to US$250.82.
Dallas (+7.8 percent to 65.6 percent) experienced the largest increase in occupancy, followed by Minneapolis/St. Paul, Minnesota-Wisconsin (+7.4 percent to 66.7 percent).
Houston, Texas (-1.9 percent to 62.0 percent), and St. Louis, Missouri-Illinois (-1.4 percent to 65.0 percent) reported the steepest occupancy declines.