Market Report U.S.

US Hotel Occupancy Up 2.9% to 57.1% Week Ending January 24th - 2015

Average daily rate increased 5.1% to US$114.42

STR 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).

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