Market Report U.S.

US Hotel Occupancy Up 4.4% to 66.0% Week Ending July 5th - 2014

ADR Up 4.5% to US$112.40

Smith Travel Research The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 29 June through 5 July 2014, according to data from STR.

In year-over-year measurements, the industry’s occupancy rate increased 4.4 percent to 66.0 percent. Average daily rate increased 4.5 percent to finish the week at US$112.40. Revenue per available room for the week was up 9.0 percent to finish at US$74.14.

All Top 25 Markets, except Dallas, Texas (-1.8 percent to US$76.47), reported ADR growth for the week. Three markets achieved increases of more than 15.0 percent: Denver, Colorado (+26.4 percent to US$117.13); Nashville, Tennessee (+21.9 percent to US$110.43); and Minneapolis/St. Paul, Minnesota-Wisconsin (+18.3 percent to US$102.96).

Six markets experienced RevPAR increases of 30.0 percent or more: Minneapolis/St. Paul (+56.9 percent to US$71.91); Denver (+47.1 percent to US$103.95); Nashville (+41.0 percent to US$76.62); Houston, Texas (+35.5 percent to US$60.39); Boston, Massachusetts (+33.1 percent to US$122.29); and Seattle, Washington (+30.0 percent to US$110.24). Dallas fell 6.5 percent in RevPAR to US$41.72, reporting the largest decrease in that metric.

Minneapolis/St. Paul (+32.6 percent to 69.8 percent) and Houston (+22.6 percent to 66.2 percent) led the occupancy increases. San Diego, California (-5.6 percent to 76.3 percent) posted the largest occupancy decrease for the week.

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