The U.S. hotel industry recorded positive results in two of the three key performance measurements during the week of 26 April through 2 May 2015, according to data from STR, Inc.
In year-over-year measurements, the industry's occupancy decreased 0.9 percent to 67.0 percent. Average daily rate increased 3.6 percent to finish the week at US$120.16, and revenue per available room for the week was up 2.7 percent to finish at US$80.53.
Six of the Top 25 Markets reported double-digit RevPAR increases: Seattle, Washington (+16.9 percent to US$102.48); New Orleans, Louisiana (+15.1 percent to US$161.16); San Diego, California (+14.6 percent to US$119.19); San Francisco/San Mateo, California (+14.3 percent to US$200.80); St. Louis, Missouri-Illinois (+10.1 percent to US$70.50); and Dallas, Texas (+10.0 percent to US$74.27).
Three markets recorded double-digit ADR increases: New Orleans (+13.2 percent to US$198.87); San Francisco/San Mateo (+11.1 percent to US$223.49); and San Diego (+10.1 percent to US$151.91).
Seattle saw the largest rise in occupancy, up 7.8 percent to 75.4 percent.
Philadelphia, Pennsylvania-New Jersey, reported the largest decreases in each of the three key performance metrics. Occupancy in the market dropped 8.5 percent to 71.0 percent; ADR fell 9.9 percent to US$131.51; and RevPAR decreased 17.6 percent to US$93.41.
Norfolk/Virginia Beach, Virginia (-12.2 percent to US$46.10) also experienced a double-digit decrease in RevPAR.
STR, Inc. provides clients —including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access 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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