The U.S. hotel industry posted positive results in the three key performance measurements during the week of 2-8 February 2014, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 0.3 percent to 56.2 percent. Average daily rate rose 2.9 percent to finish the week at US$110.40. Revenue per available room for the week was up 3.2 percent to finish at US$62.06.
Among the Top 25 Markets, Philadelphia, Pennsylvania, rose 15.2 percent to 67.1 percent in occupancy, reporting the largest increase in that metric. Oahu Island, Hawaii (-3.6 percent to 87.9 percent), and Minneapolis-St. Paul, Minnesota-Wisconsin (-3.4 percent to 55.7 percent), posted the largest occupancy decreases for the week.
Three markets achieved double-digit ADR increases: New York, New York (+12.0 percent to US$222.70); Nashville, Tennessee (+11.5 percent to US$109.56); and San Francisco/San Mateo, California (+11.3 percent to US$179.60).
Philadelphia rose 15.8 percent in RevPAR to US$77.09, reporting the largest increase in that metric, followed by Atlanta, Georgia (+13.5 percent to US$58.10), and Nashville (+13.1 percent to US$65.01).
New Orleans, Louisiana, which hosted Super Bowl XLVII on 3 February 2013, reported the largest decreases in both ADR (-35.8 percent to US$143.61) and RevPAR (-36.6 percent with US$97.07).
Logos, product and company names mentioned are the property of their respective owners.