The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 8-14 June 2014, according to data from STR.
In year-over-year measurements, the industry's occupancy increased 2.0 percent to 71.6 percent. Average daily rate increased 4.4 percent to finish the week at US$115.61. Revenue per available room for the week was up 6.5 percent to finish at US$82.82.
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 14.7 percent to 72.7 percent, followed by Detroit, Michigan (+9.3 percent to 76.6 percent), and St. Louis, Missouri-Illinois (+9.3 percent to 74.6 percent).
Five markets achieved double-digit ADR increases: San Francisco/San Mateo, California (+14.0 percent to US$221.34); St. Louis (+11.9 percent to US$101.01); Nashville, Tennessee (+11.6 percent to US$121.29); Detroit (+11.2 percent to US$93.55); and Seattle, Washington (+10.7 percent to US$152.05).
Three markets experienced RevPAR increases of more than 20.0 percent: New Orleans (+25.9 percent to US$90.87); St. Louis (+22.3 percent to US$75.34); and Detroit (+21.6 percent to US$71.70).
Philadelphia, Pennsylvania-New Jersey, saw the largest decrease in all three key performance metrics. The market's occupancy fell 9.8 percent to 75.2 percent; its ADR dropped 12.8 percent to US$123.42; and its RevPAR decreased 21.4 percent to US$92.87.
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