The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 11-17 May 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy increased 4.6 percent to 69.7 percent. Average daily rate increased 4.8 percent to finish the week at US$116.30. Revenue per available room for the week was up 9.6 percent to finish at US$81.10.
Among the Top 25 Markets, Houston, Texas (+14.9 percent to 82.7 percent), and Atlanta, Georgia (+14.4 percent to 75.4 percent), reported the largest occupancy growth. Oahu Island, Hawaii, fell 1.8 percent in occupancy to 80.8 percent, posting the largest decrease in that metric.
Four markets achieved ADR increases of more than 10 percent: Houston (+17.8 percent to US$124.38); Nashville, Tennessee (+13.3 percent to US$118.54); Anaheim/Santa Ana, California (+11.4 percent to US$133.79); and St. Louis, Missouri-Illinois (+10.3 percent to US$107.63).
Three markets experienced RevPAR growth of more than 20 percent: Houston (+35.4 percent to US$102.92); Atlanta (+23.6 percent to US$72.13); and Minneapolis/St. Paul, Minnesota/Wisconsin (+21.7 percent to US$89.00).
None of the Top 25 Markets reported decreases in ADR or RevPAR.
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