The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 10-16 August 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy rate rose 4.2 percent to 73.3 percent. Average daily rate increased 5.5 percent to finish the week at US$117.88. Revenue per available room for the week was up 9.9 percent to finish at US$86.43.
Of the Top 25 Markets, 14 reported double-digit RevPAR growth for the week, six of which reported increases of more than 15.0 percent, including: San Francisco/San Mateo, California (+22.8 percent to US$229.94); Nashville, Tennessee (+20.3 percent to US$92.02); Tampa/St. Petersburg, Florida (+19.9 percent to US$65.81); Los Angeles/Long Beach, California (+15.7 percent to US$148.56); San Diego, California (+15.6 percent to US$145.74); and Philadelphia, Pennsylvania-New Jersey (+15.3 percent to US$90.08).
None of the Top 25 Markets experienced a RevPAR decrease.
Tampa/St. Petersburg experienced the only double-digit occupancy increase, rising 11.6 percent to 66.7 percent. Oahu Island, Hawaii, fell 3.4 percent to 90.4 percent in occupancy, posting the largest decrease in that metric.
Six top markets experienced double-digit ADR increases. San Francisco/San Mateo reported the largest gain, rising 18.1 percent to US$237.35. Nashville and Seattle, Washington, followed, each increasing 12.9 percent to US$119.80 and US$165.62, respectively.
None of the Top 25 Markets experienced an ADR decrease.
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