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Published on : Friday, May 15, 2015
In year-over-year measurements, the industry’s occupancy increased 1.3 percent to 67.0 percent. Average daily rate increased 4.8 percent to finish the week at US$120.59. Revenue per available room for the week was up 6.1 percent to finish at US$80.85.
Five of the Top 25 Markets reported RevPAR increases of more than 20.0 percent: Chicago, Illinois (+31.2 percent to US$133.71); Denver, Colorado (+26.4 percent to US$101.63); Nashville, Tennessee (+24.8 percent to US$112.41); Orlando, Florida (+23.5 percent to US$87.82); and San Diego, California (+21.8 percent to US$113.49).
Houston, Texas, reported the largest decrease in RevPAR, down 8.2 percent to US$128.45.
Six markets recorded double-digit ADR increases: Chicago (+21.5 percent to US$169.65); Denver (+16.6 percent to US$127.24); Nashville (+13.9 percent to US$137.63); San Diego (+12.3 percent to US$149.35); Orlando (+12.0 percent to US$114.09); and Seattle, Washington (+10.3 percent to US$143.64).
New York, New York (-2.8 percent to US$286.36), and Houston (-2.2 percent to US$166.04) were the only markets to report decreases in ADR.
Orlando experienced the only double-digit increase in occupancy, up 10.2 percent to 77.0 percent.
New Orleans, Louisiana (-7.1 percent to 73.1 percent), and Houston (-6.1 percent to 77.4 percent) reported the steepest declines in occupancy.