Market Report U.S.

US Hotel Occupancy Up 3.1% to 69.1% Week Ending June 7th - 2014

ADR Up 4.2% to US$114.00

STR The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 1-7 June 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy increased 3.1 percent to 69.1 percent. Average daily rate increased 4.2 percent to finish the week at US$114.00. Revenue per available room for the week was up 7.4 percent to finish at US$78.81.

Among the Top 25 Markets, Tampa/St. Petersburg, Florida, reported the largest occupancy increase, rising 15.4 percent to 72.1 percent. Three other markets also reported double-digit occupancy increases: Dallas, Texas (+13.6 percent to 74.2 percent); Minneapolis/St. Paul, Minnesota-Wisconsin (+11.5 percent to 79.0 percent); and Detroit, Michigan (+11.1 percent to 78.8 percent). New Orleans, Louisiana, fell 15.6 percent in occupancy to 63.2 percent, posting the largest decrease in that metric.

San Francisco/San Mateo, California, jumped 17.4 percent in ADR to US$206.41, achieving the largest increase in that metric. Nashville, Tennessee, followed with a 13.5-percent increase to US$147.15. New Orleans reported the largest ADR decrease, falling 9.7 percent to US$120.74.

Five markets experienced RevPAR increases of more than 20 percent: Tampa/St. Petersburg (+26.8 percent to US$75.06); Dallas (+22.8 percent to US$69.53); San Francisco/San Mateo (+22.5 percent to US$183.97); Minneapolis/St. Paul (+21.0 percent to US$90.19); and Denver, Colorado (+20.5 percent to US$98.73). New Orleans fell 23.7 percent in RevPAR to US$76.28, reporting the largest decrease in that metric. 

View weekly U.S. hotel performance review

Logos, product and company names mentioned are the property of their respective owners.

Request Information from this organization

Please click the link below to request more information from the organization or company featured in this article.

Request Information from STR