The U.S. hotel industry reported positive results in the three key performance metrics during June 2014, according to data from STR.
Overall, the U.S. hotel industry's occupancy was up 2.9 percent to 71.7 percent; its average daily rate rose 4.3 percent to US$116.20; and its revenue per available room increased 7.2 percent to US$83.27.
Among the Top 25 Markets, Atlanta, Georgia, rose 8.2 percent to 71.2 percent, reporting the largest increase in that metric. Dallas, Texas, followed with a 7.2-percent increase to 73.5 percent. Philadelphia, Pennsylvania-New Jersey (-2.6 percent to 74.5 percent), and St. Louis, Missouri-Illinois (-2.2 percent to 75.1 percent), reported the largest occupancy decreases.
Three markets achieved double-digit ADR increases: Nashville, Tennessee (+14.9 percent to US$125.93); San Francisco/San Mateo, California (+12.9 percent to US$213.54); and Seattle, Washington (+11.5 percent to US$150.14).
Ten of the Top 25 Markets reported double-digit RevPAR growth. Nashville rose 18.9 percent to US$102.57, reporting the largest RevPAR increase, followed by Atlanta (+14.4 percent to US$64.08) and Detroit, Michigan (+13.6 percent to US$67.70).
Two of the Top 25 Markets reported decreases in ADR and RevPAR, with Philadelphia recording the largest decreases in both metrics. The market fell 4.6 percent in ADR to US$123.70 and 7.0 percent in RevPAR to US$92.10. Chicago, Illinois, fell 1.7 percent in ADR to US$151.38 and fell 0.1 percent in RevPAR to US$124.08.
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