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Published on : Friday, December 11, 2015
In year-over-year measurements, the industry’s occupancy decreased 0.4% to 57.0%. However, average daily rate for the week was up 1.8% to US$116.51, and revenue per available room increased 1.5% to US$66.37.
Among the Top 25 Markets, Orlando, Florida, posted the largest increases in ADR (+15.1% to US$121.55) and RevPAR (+19.0% to US$85.46).
While no other market reported a double-digit rise in ADR, six markets in addition to Orlando did post a double-digit increase in RevPAR: Tampa/St. Petersburg, Florida (+14.8% to US$69.24); Oahu Island, Hawaii (+12.5% to US$164.05); Detroit, Michigan (+12.3% to US$59.16); Norfolk/Virginia Beach, Virginia (+11.3% to US$35.72); San Diego, California (+11.2% to US$80.49); and Philadelphia, Pennsylvania-New Jersey (+10.8% to US$77.20).
San Francisco/San Mateo, California, reported the steepest declines in ADR (-18.2% to US$184.62) and RevPAR (-24.2% to US$130.93).
Oahu Island experienced the largest year-over-year increase in occupancy, rising 9.9% to 81.7%.
The largest drop in occupancy came in Houston, Texas (-9.9% to 63.5%).