Positive Results for US Hotel Industry for Week Ending December 21st - 2013
The U.S. hotel industry posted positive results in the three key performance measurements during the week of 15-21 December, according to data from STR.
In year-over-year measurements, the industry's occupancy increased 8.8 percent to 47.0 percent. Average daily rate rose 4.1 percent to finish the week at US$96.97. Revenue per available room for the week was up 13.3 percent to finish at US$45.54.
Among the Top 25 Markets, Houston, Texas, reported the largest occupancy increase, rising 19.6 percent to 56.9 percent, followed by Tampa-St Petersburg, Florida, with an 18.6-percent increase to 50.5 percent. Oahu Island, Hawaii (-5.0 percent to 73.0 percent), and New York, New York (-0.7 percent to 78.3 percent), reported the only occupancy decreases.
Dallas, Texas (+12.3 percent to US$83.44) and Houston (+11.4 percent to US$92.51) achieved the largest ADR increases during the week.
There were no ADR decreases reported for the week.
Five markets experienced RevPAR growth of more than 25 percent: Houston (+33.2 percent to US$52.67); Dallas (+28.3 percent to US$44.15); Boston, Massachusetts (+27.2 percent to US$64.41); Minneapolis-St Paul, Minnesota (+25.5 percent to US$45.66); and Seattle, Washington (+25.1 percent to US$59.57).
There were no RevPAR decreases reported for the week.
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