The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 17-23 August 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy rate rose 5.0 percent to 70.6 percent. Average daily rate increased 5.4 percent to finish the week at US$116.13. Revenue per available room for the week was up 10.7 percent to finish at US$82.04.
Of the Top 25 Markets, Atlanta, Georgia (+21.5 percent to 69.3 percent), and Detroit, Michigan (+16.1 percent to 76.7 percent), reported the largest occupancy increases. Anaheim-Santa Ana, California, posted the only occupancy decrease, falling 2.4 percent to 77.0 percent.
Six markets achieved double-digit ADR increases: Minneapolis/St. Paul, Minnesota-Wisconsin (+17.7 percent to US$121.43); Nashville, Tennessee (+16.9 percent to US$118.18); Seattle, Washington (+13.0 percent to US$162.77); Atlanta (+11.7 percent to US$92.66); Los Angeles/Long Beach, California (+11.3 percent to US$166.08); and Denver, Colorado (+10.0 percent to US$120.39). Orlando, Florida, fell 0.2 percent to US$87.35, reporting the only decrease in that metric.
Five markets experienced RevPAR increases of more than 20.0 percent: Atlanta (+35.8 percent to US$64.20); Minneapolis (+27.0 percent to US$105.89); Detroit (+26.4 percent to US$70.34); Nashville (+23.2 percent to US$86.81); and Tampa/St. Petersburg, Florida (+20.5 percent to US$63.38). None of the top markets reported a RevPAR decrease for the week.
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