The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 18-24 May 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy increased 3.7 percent to 70.2 percent. Average daily rate increased 5.4 percent to finish the week at US$116.84. Revenue per available room for the week was up 9.2 percent to finish at US$81.97.
Among the Top 25 Markets, Tampa/St. Petersburg, Florida, reported the largest occupancy increase, rising 14.1 percent to 74.8 percent, followed by Atlanta, Georgia (+13.4 percent to 73.6 percent), and San Diego, California (+10.1 percent to 78.7 percent). Anaheim/Santa Ana, California (-3.9 percent to 77.1 percent), and New Orleans, Louisiana (-3.8 percent to 75.2 percent), posted the largest occupancy decreases for the week.
Five markets experienced double-digit ADR increases: San Francisco/San Mateo, California (+21.6 percent to US$231.20); San Diego (+15.2 percent to US$149.38); Nashville, Tennessee (+14.9 percent to US$115.10); Tampa/St. Petersburg (+10.7 percent to US$109.63); and Houston, Texas (+10.3 percent to US$110.18). Philadelphia, Pennsylvania-New Jersey (-5.6 percent to US$130.20), and New Orleans (-2.1 percent to US$133.55) reported the only ADR decreases.
Five markets achieved RevPAR increases of more than 20 percent: San Diego (+26.9 percent to US$117.60); Tampa/St. Petersburg (+26.3 percent to US$82.04); San Francisco/San Mateo (+26.2 percent to US$217.17); Atlanta (+24.2 percent to US$66.24); and Nashville (+20.6 percent to US$92.24). Philadelphia reported the largest RevPAR decrease, falling 9.1 percent to US$98.27.
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