The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 20-26 September 2015, according to data from STR, Inc.
In year-over-year measurements, the industry's occupancy increased 2.3% to 70.3%. Average daily rate for the week was up 4.9% to US$122.56. Revenue per available room increased 7.2% to finish the week at US$86.17.
Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, reported the largest increases in ADR (+41.1% to US$175.49) and RevPAR (+35.2% to US$121.61). Occupancy in the market decreased 4.1% to 69.3%. Philadelphia was one of three Top 25 Markets to host Pope Francis during his visit to the U.S.
Three additional markets saw RevPAR increases of more than 15.0%: Minneapolis/St. Paul, Minnesota (+19.6% to US$103.06); Tampa/St. Petersburg, Florida (+18.8% to US$65.97); and Denver, Colorado (+16.7% to US$116.09).
After Philadelphia, two markets posted a double-digit rise in ADR: Nashville, Tennessee (+12.3% to US$137.82) and Denver (+10.7% to US$135.48).
Minneapolis/St. Paul experienced the only double-digit increase in occupancy, up 11.2% to 83.8%.
Houston, Texas, reported the largest declines in occupancy (-4.6% to 68.9%) and RevPAR (-5.2% to US$75.50) as well as the only decrease in ADR (-0.5% to US$109.53).
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.
Logos, product and company names mentioned are the property of their respective owners.