Market Report U.S.

US Hotel Occupancy Up 3.7% to 70.2% Week Ending May 24th - 2014

ADR Up 5.4% to US$116.84

Smith Travel Research 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. 

View weekly U.S. hotel performance review



Logos, product and company names mentioned are the property of their respective owners.

Request Information from this organization

Please click the link below to request more information from the organization or company featured in this article.

Request Information from Smith Travel Research

comments powered by Disqus