The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 3-9 May 2015, according to data from STR, Inc.
In year-over-year measurements, the industry's occupancy increased 1.3 percent to 67.0 percent. Average daily rate increased 4.8 percent to finish the week at US$120.59. Revenue per available room for the week was up 6.1 percent to finish at US$80.85.
Five of the Top 25 Markets reported RevPAR increases of more than 20.0 percent: Chicago, Illinois (+31.2 percent to US$133.71); Denver, Colorado (+26.4 percent to US$101.63); Nashville, Tennessee (+24.8 percent to US$112.41); Orlando, Florida (+23.5 percent to US$87.82); and San Diego, California (+21.8 percent to US$113.49).
Houston, Texas, reported the largest decrease in RevPAR, down 8.2 percent to US$128.45.
Six markets recorded double-digit ADR increases: Chicago (+21.5 percent to US$169.65); Denver (+16.6 percent to US$127.24); Nashville (+13.9 percent to US$137.63); San Diego (+12.3 percent to US$149.35); Orlando (+12.0 percent to US$114.09); and Seattle, Washington (+10.3 percent to US$143.64).
New York, New York (-2.8 percent to US$286.36), and Houston (-2.2 percent to US$166.04) were the only markets to report decreases in ADR.
Orlando experienced the only double-digit increase in occupancy, up 10.2 percent to 77.0 percent.
New Orleans, Louisiana (-7.1 percent to 73.1 percent), and Houston (-6.1 percent to 77.4 percent) reported the steepest declines in occupancy.
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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