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Published on : Friday, January 29, 2016
In year-over-year measurements, the industry’s occupancy decreased 1.9% to 56.2%. Average daily rate for the week rose 2.5% to US$116.51, and revenue per available room increased 0.5% to US$65.51.
Six of the Top 25 Markets recorded a double-digit increase in RevPAR: Los Angeles/Long Beach, California (+17.1% to US$129.38); Dallas, Texas (+16.5% to US$81.64); New York, New York (+15.0% to US$136.73); Nashville, Tennessee (+14.1% to US$72.51); Tampa/St. Petersburg, Florida (+12.7% to US$93.33); and Atlanta, Georgia (+11.7% to US$65.73).
Of the 12 markets to report a decrease in RevPAR for the week, New Orleans, Louisiana (-8.5% to US$85.71), and Houston, Texas (-8.2% to US$70.25), reported the largest decreases in the metric.
Atlanta was the only Top 25 Market to post a double-digit increase in ADR, up 11.4% to US$104.25.
San Francisco/San Mateo, California, reported the largest drop in ADR, down 8.7% to US$201.43.
New York was the only market to experience a double-digit rise in occupancy, up 10.0% to 73.0%.
The largest declines in occupancy came in New Orleans (-8.8% to 61.8%) and Orlando, Florida (-8.0% to 74.5%).