Market Report U.S.

US Hotel Occupancy Up 2.9% to 62.0% Week Ending May 31st - 2014

ADR Up 4.7% to US$109.86

Smith Travel Research The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 25-31 May 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy increased 2.9 percent to 62.0 percent. Average daily rate increased 4.7 percent to finish the week at US$109.86. Revenue per available room for the week was up 7.7 percent to finish at US$68.08.

Among the Top 25 Markets, San Diego, California, reported the largest occupancy increase, rising 10.4 percent to 73.2 percent. Boston, Massachusetts, followed with a 9.7-perent increase to 80.1 percent.

Four markets achieved double-digit ADR increases: San Diego (+12.8 percent to US$137.22); Nashville, Tennessee (+12.2 percent to US$107.11); Boston (+10.6 percent to US$186.66); and Denver, Colorado (+10.1 percent to US$102.36).

Five markets reported RevPAR growth of more than 15 percent: San Diego (+24.6 percent to US$100.43); Boston (+21.3 percent to US$149.60); Seattle, Washington (+17.5 percent to US$95.50); Denver (+16.7 percent to US$72.25); and Tampa/St. Petersburg, Florida (+16.5 percent to US$62.36).

St. Louis, Missouri-Illinois, experienced the largest decrease in all three key performance metrics. The market's occupancy dropped 8.3 percent to 65.6 percent; its ADR was down 2.3 percent to US$96.55; and its RevPAR decreased 10.4 percent to US$63.31. 

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