The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 18-24 January 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy rose 2.9 percent to 57.1 percent. Average daily rate increased 5.1 percent to finish the week at US$114.42. Revenue per available room for the week was up 8.1 percent to finish at US$65.32.
Four of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: San Francisco/San Mateo, California (+37.4 percent to US$173.45); Boston, Massachusetts (+23.4 percent to US$90.65); Phoenix, Arizona (+23.1 percent to US$106.08); and Miami/Hialeah, Florida (+15.3 percent to US$208.39). New York, New York, reported the largest RevPAR decrease, falling 21.1 percent to US$119.11.
Three markets recorded double-digit ADR increases: San Francisco/San Mateo (+31.5 percent to US$221.81); Phoenix (+12.8 percent to US$144.85); and Miami/Hialeah (+11.6 percent to US$240.60). New Orleans, Louisiana, reported the largest ADR decrease (-14.4 percent to US$138.21).
Boston was the only market to report a double-digit occupancy increase (+13.4 percent to 62.2 percent). Philadelphia, Pennsylvania-New Jersey reported the largest occupancy decrease (-11.6 percent to 53.5 percent).
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