The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 13-19 July 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy rate rose 2.9 percent to 77.1 percent. Average daily rate increased 4.1 percent to finish the week at US$117.57. Revenue per available room for the week was up 7.1 percent to finish at US$90.68.
Eleven of the Top 25 Markets reported double-digit RevPAR increases. Nashville, Tennessee, reported the largest increase, rising 23.3 percent to US$95.00, followed by Minneapolis/St. Paul, Minnesota-Wisconsin (+16.6 percent to US$111.25), and Dallas, Texas (+14.1 percent to US$68.66).
Dallas (+7.5 percent to 73.8 percent) and Nashville (+7.4 percent to 81.4 percent) experienced the largest occupancy increases. Anaheim/Santa Ana, California fell 3.1 percent in occupancy to 89.1 percent, reporting the largest decrease in that metric. Six top markets reported occupancy levels of more than 90.0 percent for the week: San Diego, California (95.1 percent); Seattle, Washington (94.5 percent); San Francisco/San Mateo (92.2 percent); Boston, Massachusetts (92.1 percent); Denver, Colorado (91.6 percent); and Oahu Island, Hawaii (91.3 percent).
Four markets achieved double-digit ADR growth: Minneapolis/St. Paul (+15.7 percent to US$128.53); Nashville (+14.8 percent to US$116.66); Seattle (+12.0 percent to US$163.82); and Los Angeles/Long Beach, California (+10.1 percent to US$155.82).
San Diego ended the week with the largest decrease in ADR (-8.8 percent to US$179.97) and RevPAR (-2.4 percent to US$171.19).
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