The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 19-25 April 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy increased 4.3 percent to 69.8 percent. Average daily rate increased 6.5 percent to finish the week at US$120.07. Revenue per available room for the week was up 11.0 percent to finish at US$83.86.
Five of the Top 25 Markets reported RevPAR increases of more than 25.0 percent: San Francisco/San Mateo, California (+42.1 percent to US$228.13); Philadelphia, Pennsylvania-New Jersey (+36.3 percent to US$127.62); Washington, D.C.-Maryland-Virginia (+34.6 percent to US$154.19); Detroit, Michigan (+33.5 percent to US$69.66); and Chicago, Illinois (+27.5 percent to US$109.97).
Anaheim/Santa Ana, California, reported the largest decrease in RevPAR, down 4.3 percent to US$98.12.
Three markets recorded ADR increases of more than 15.0 percent during the week: San Francisco/San Mateo (+36.5 percent to US$251.96); Washington, D.C. (+20.7 percent to US$179.82); and Philadelphia (+15.1 percent to US$149.53).
New York, New York, reported the largest ADR decrease, down 2.7 percent to US$259.18.
Philadelphia (+18.4 percent to 85.3 percent) and Detroit (+18.2 percent to 71.5 percent) posted the top occupancy increases. Overall, seven markets reported double-digit occupancy increases.
Anaheim/Santa Ana (-5.6 percent to 74.1 percent) reported the steepest decline in occupancy.
STR, Inc. provides clients including hotel operators, developers, financiers, analysts and suppliers to the hotel industryaccess to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, STR Analytics and Hotel News Now. STR also founded the Hotel Data Conference. For more information, please visit www.str.com.
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