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Published on : Friday, July 3, 2015
In year-over-year measurements, the industry’s occupancy increased 1.1 percent to 76.9 percent. Average daily rate for the week was up 4.6 percent to US$122.15. Revenue per available room increased 5.7 percent to finish the week at US$93.96.
Three of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: St. Louis, Missouri-Illinois (+27.3 percent to US$91.14); New Orleans, Louisiana (+16.2 percent to US$112.30); and Detroit, Michigan (+15.4 percent to US$78.05).
Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest RevPAR decrease for the week, down 9.3 percent to US$97.42.
Five markets posted double-digit ADR increases: St. Louis (+16.8 percent to US$111.81); Seattle, Washington (+11.5 percent to US$174.34); San Francisco/San Mateo, California (+11.4 percent to US$242.17); Oahu Island, Hawaii (+11.0 percent to US$240.07); and Boston, Massachusetts (+11.0 percent to US$202.58).
Orlando, Florida (-2.6 percent to US$105.67), and San Diego, California (-0.9 percent to US$158.89), were the only two Top 25 Markets to report a decrease in ADR.
New Orleans experienced the only double-digit rise in occupancy, up 10.1 percent to 80.6 percent.
Minneapolis/St. Paul saw the largest decline in occupancy, down 9.8 percent to 80.6 percent.