The U.S. hotel industry posted positive results in the three key performance measurements during the week of 12-18 January 2014, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 3.5 percent to 56.3 percent. Average daily rate rose 3.7 percent to finish the week at US$109.95. Revenue per available room for the week was up 7.4 percent to finish at US$61.85.
Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest occupancy increase, rising 22.8 percent to 84.7 percent, followed by New Orleans, Louisiana, with a 12.2 percent increase to 68.2 percent. New York, New York (-5.6 percent to 76.6 percent), reported the largest occupancy decrease.
San Francisco (+58.8 percent to US$246.48) and Detroit, Michigan (+10.3 percent to US$113.33) achieved the only double-digit ADR increases during the week.
Washington, D.C. (-22.8 percent to US$131.17) and Norfolk-Virginia Beach, Virginia (-1.1 percent to U$67.38) reported the only ADR decreases for the week.
Four markets experienced RevPAR growth of more than 15 percent: San Francisco (+95.0 percent to US$208.73); New Orleans (+21.2 percent to US$94.99); St. Louis, Missouri-Illinois (+17.2 percent to US$44.58); and Philadelphia, Pennsylvania-New Jersey (+16.6 percent to US$71.87).
Washington, D.C. (-25.5 percent to US$73.00) and New York (-3.9 percent to US$159.32) reported the only RevPAR decreases for the week.
Logos, product and company names mentioned are the property of their respective owners.