The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 27 September through 3 October 2015, according to data from STR, Inc.
In year-over-year measurements, the industry's occupancy increased 3.4% to 68.8%. Average daily rate for the week was up 8.0% to US$124.96. Revenue per available room increased 11.6% to finish the week at US$86.01.
Among the Top 25 Markets, New York, New York, reported the largest increases in ADR (+24.4% to US$367.05) and RevPAR (+32.5% to US$336.03). Occupancy in the market increased 6.6% to 91.5%.
Four additional markets saw RevPAR increases of more than 20.0%: Philadelphia, Pennsylvania-New Jersey (+28.8% to US$106.17); Washington, D.C.-Maryland-Virginia (+27.5% to US$130.62); Anaheim/Santa Ana, California (+27.2% to US$124.07); and Minneapolis/St. Paul, Minnesota-Wisconsin (+22.3% to US$96.28). Overall, 18 markets experienced a double-digit RevPAR increase.
Houston, Texas, reported the largest decrease in RevPAR, down 9.8% to US$72.42.
After New York, seven markets posted a double-digit rise in ADR. Philadelphia (+17.7% to US$142.93) was the only other market to report an ADR increase of more than 15.0%.
Two markets reported a drop in ADR: San Francisco/San Mateo, California (-11.5% to US$246.91), and Houston (-1.6% to US$109.43).
Four markets saw a double-digit rise in occupancy: Anaheim/Santa Ana (+14.1% to 85.1%); Phoenix, Arizona (+11.7% to 63.0%); Washington, D.C. (+11.0% to 76.2%); and Minneapolis (+10.3% to 77.1%).
Norfolk/Virginia Beach, Virginia, experienced the only double-digit decline in occupancy, down 10.6% to 45.8%.
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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