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Positive Results for US Hotel Industry for Week Ending March 7th – 2015

The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 15-21 February 2015, according to data from STR, Inc.

The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 1-7 March 2015, according to data from STR, Inc.

In year-over-year measurements, the industry’s occupancy rose 0.5 percent to 64.5 percent. Average daily rate increased 2.0 percent to finish the week at US$116.74. Revenue per available room for the week was up 2.5 percent to finish at US$75.27.

Four of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: San Francisco/San Mateo, California (+39.7 percent to US$182.10); Boston, Massachusetts (+19.6 percent to US$119.48); Orlando, Florida (+16.5 percent to US$106.06); and Detroit, Michigan (+15.7 percent to US$60.76).

New Orleans, Louisiana, reported the largest RevPAR decrease, falling 13.7 percent to US$115.73.

Two markets recorded double-digit ADR increases during the week: San Francisco/San Mateo (+27.7 percent to US$221.92) and Orlando (+10.6 percent to US$125.26).

New Orleans reported the largest ADR decrease, dropping 8.4 percent to US$155.70. 

San Francisco/San Mateo (+9.4 percent to 82.1 percent) and Boston (+9.3 percent to 73.3 percent) recorded the highest occupancy increases.

Denver, Colorado, reported the largest occupancy decrease, slipping 11.2 percent to 69.5 percent during the week.

View weekly U.S. hotel performance review

Posted by on March 12, 2015.

Categories: Trends

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