The U.S. hotel industry reported positive results in the three key performance metrics during April 2014, according to data from STR.
Overall, the U.S. hotel industry's occupancy was up 3.2 percent to 65.7 percent, its average daily rate rose 4.0 percent to US$114.67, and its revenue per available room increased 7.4 percent to US$75.30.
Among the Top 25 Markets, Tampa/St. Petersburg, Florida, rose 9.8 percent in occupancy to 75.3 percent, reporting the largest increase in that metric. San Diego, California, followed with an 8.7-percent increase in occupancy to 77.3 percent. Detroit, Michigan (-4.2 percent to 59.8 percent), and Oahu Island, Hawaii (-3.9 percent to 77.8 percent), posted the largest occupancy decreases in April.
Three markets reported double-digit ADR growth: Nashville, Tennessee (+16.1 percent to US$119.60); Miami/Hialeah, Florida (+13.6 percent to US$206.83); and Tampa/St. Petersburg (+11.1 percent to US$121.34).
Seven markets achieved RevPAR increases of more than 15 percent: Nashville (+23.5 percent to US$90.89); Tampa/St. Petersburg (+22.1 percent to US$91.39); Dallas, Texas (+17.8 percent to US$72.99); Orlando, Florida (+17.8 percent to US$89.63); Boston, Massachusetts (+17.4 percent to US$149.68); Denver, Colorado (+15.9 percent to US$82.96); and Miami/Hialeah (+15.8 percent to US$168.07).
Washington, D.C., reported the largest decreases in both ADR (-5.4 percent to US$155.22) and RevPAR (-3.6 percent to US$120.83).
Logos, product and company names mentioned are the property of their respective owners.