Hotel industry in U.S. reports positive results in the week ending on June 6

Published on : Friday, June 12, 2015

STR-logoThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 31 May through 6 June 2015, according to data from STR, Inc.

 

 

In year-over-year measurements, the industry’s occupancy increased 0.2 percent to 69.4 percent. Average daily rate increased 3.8 percent to finish the week at US$118.14. Revenue per available room for the week was up 4.1 percent to finish at US$82.02.

 

 

Four of the Top 25 Markets reported RevPAR increases of more than 20.0 percent: Boston, Massachusetts (+26.6 percent to US$195.70); New Orleans, Louisiana (+24.1 percent to US$94.33); Philadelphia, Pennsylvania-New Jersey (+21.4 percent to US$104.89); and Seattle, Washington (+20.7 percent to US$139.67).

 

 

Nashville, Tennessee, reported the largest decrease in RevPAR, down 23.0 percent to US$92.28.

 

 

Five markets posted double-digit ADR increases: Boston (+16.8 percent to US$217.03); Seattle (+13.5 percent to US$160.55); Philadelphia (+13.4 percent to US$137.29); New Orleans (+13.3 percent to US$136.68); and Denver, Colorado (+11.3 percent to US$129.66).

 

 

Nashville reported the only double-digit drop in ADR, down 14.1 percent to US$125.94.

New Orleans (+9.5 percent to 69.0 percent) experienced the largest increase in occupancy, followed by Boston (+8.4 percent to 90.2 percent).

 

 

Detroit, Michigan (-10.3 percent to 70.9 percent), and Nashville (-10.3 percent to 73.3 percent), were the two markets to report double-digit decreases in occupancy.
Source: STR.

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