The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 3-9 August 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy rate rose 4.3 percent to 75.7 percent. Average daily rate increased 5.9 percent to finish the week at US$119.19. Revenue per available room for the week was up 10.5 percent to finish at US$90.26.
Of the Top 25 Markets, 13 achieved double-digit RevPAR growth for the week. Three markets reported RevPAR increases of more than 20.0 percent: Washington, D.C. (+24.9 percent to US$107.18); Boston, Massachusetts (+23.7 percent to US$167.36); and Nashville, Tennessee (+20.2 percent to US$83.99). St. Louis, Missouri-Illinois, ended the week with the only RevPAR decrease, falling 2.7 percent to US$74.16.
Six markets experienced double-digit ADR increases: Boston (+15.1 percent to US$182.65); Nashville (+13.2 percent to US$113.17); Washington, D.C. (+12.1 percent to US$136.65); Los Angeles/Long Beach, California (+11.7 percent to US$169.34); Denver, Colorado (+10.5 percent to US$116.24); and San Francisco/San Mateo, California (+10.3 percent to US$229.37).
Atlanta, Georgia (+11.5 percent to 73.2 percent), and Washington, D.C. (+11.4 percent to 78.4 percent) reported the only double-digit occupancy increases. St. Louis fell 4.2 percent in occupancy to 75.3 percent, posting the largest decrease in that metric.
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