The U.S. hotel industry posted positive results in the three key performance measurements during the week of 19-25 January 2014, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 2.4 percent to 55.2 percent. Average daily rate rose 3.0 percent to finish the week at US$109.59. Revenue per available room for the week was up 5.5 percent to finish at US$60.54.
Among the Top 25 Markets, Denver, Colorado, reported the largest occupancy increase, rising 13.7 percent to 67.5 percent, followed by New Orleans, Louisiana, with a 12.1 percent increase to 66.6 percent. Washington, D.C. (-16.1 percent to 49.5 percent), reported the largest occupancy decrease.
New Orleans (+22.5 percent to US$161.52) achieved the only double-digit ADR increase during the week.
Washington, D.C. (-29.1 percent to US$126.51) reported the only double-digit ADR decrease for the week.
Four markets experienced RevPAR growth of more than 15 percent: New Orleans (+37.3 percent to US$107.56); Denver (+21.0 percent to US$69.28); Philadelphia, Pennsylvania-New Jersey (+18.4 percent to US$71.97); and Los Angeles-Long Beach, California (+17.2 percent to US$111.09).
Washington, D.C. (-40.5 percent to US$62.59) and Chicago, Illinois (-10.4 percent to US$51.12) reported the only double-digit RevPAR decreases for the week.
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