The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 1-7 June 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy increased 3.1 percent to 69.1 percent. Average daily rate increased 4.2 percent to finish the week at US$114.00. Revenue per available room for the week was up 7.4 percent to finish at US$78.81.
Among the Top 25 Markets, Tampa/St. Petersburg, Florida, reported the largest occupancy increase, rising 15.4 percent to 72.1 percent. Three other markets also reported double-digit occupancy increases: Dallas, Texas (+13.6 percent to 74.2 percent); Minneapolis/St. Paul, Minnesota-Wisconsin (+11.5 percent to 79.0 percent); and Detroit, Michigan (+11.1 percent to 78.8 percent). New Orleans, Louisiana, fell 15.6 percent in occupancy to 63.2 percent, posting the largest decrease in that metric.
San Francisco/San Mateo, California, jumped 17.4 percent in ADR to US$206.41, achieving the largest increase in that metric. Nashville, Tennessee, followed with a 13.5-percent increase to US$147.15. New Orleans reported the largest ADR decrease, falling 9.7 percent to US$120.74.
Five markets experienced RevPAR increases of more than 20 percent: Tampa/St. Petersburg (+26.8 percent to US$75.06); Dallas (+22.8 percent to US$69.53); San Francisco/San Mateo (+22.5 percent to US$183.97); Minneapolis/St. Paul (+21.0 percent to US$90.19); and Denver, Colorado (+20.5 percent to US$98.73). New Orleans fell 23.7 percent in RevPAR to US$76.28, reporting the largest decrease in that metric.
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