Hotel industry in U.S. records positive results in the week ending on June 20

Published on : Friday, June 26, 2015

STR-logoThe U.S. hotel industry recorded mostly positive results in the three key performance measurements during the week of 14-20 June 2015, according to data from STR, Inc.

 

 

 

In year-over-year measurements, the industry’s occupancy decreased 0.5 percent to 74.8 percent. However, average daily rate was up 4.8 percent to US$122.01, and revenue per available room increased 4.2 percent to US$91.26.

 

 

Three of the Top 25 Markets reported RevPAR increases of more than 20.0 percent: Philadelphia, Pennsylvania-New Jersey (+30.0 percent to US$121.92); Seattle, Washington (+26.3 percent to US$172.76); and Los Angeles/Long Beach, California (+22.2 percent to US$148.83). Overall, 11 of the Top 25 Markets saw double-digit RevPAR growth.

 

 

St. Louis, Missouri-Illinois (-13.8 percent to US$72.48), and Houston, Texas (-10.3 percent to US$70.61), were the only two markets to see a double-digit decline in RevPAR.

Five markets posted double-digit ADR increases, led by Seattle (+25.0 percent to US$190.13) and Philadelphia (+22.6 percent to US$149.23).

 

 

St. Louis was the only market to record a drop in ADR, which was down 3.8 percent to US$99.62.

 

 

New Orleans, Louisiana, experienced the largest increase in occupancy, up 9.5 percent to 72.4 percent. Phoenix, Arizona, followed with an 8.7-percent rise in occupancy to 59.0 percent.

 

 

Houston (-11.1 percent to 67.8 percent) and St. Louis (-10.4 percent to 72.8 percent) were the only two markets to see a double-digit decrease in occupancy.
Source: STR.

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