Positive Results for US Hotel Industry for Week Ending December 20th - 2014
The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 14-20 December 2014, according to data from STR, Inc.
In year-over-year measurements, the industry's occupancy rose 5.9 percent to 49.5 percent. Average daily rate increased 5.7 percent to finish the week at US$102.60. Revenue per available room for the week was up 11.9 percent to finish at US$50.78.
Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in all three key performance measurements. The market's occupancy increased 33.7 percent to 80.9 percent; its ADR was up 32.5 percent to US$184.75; and its RevPAR increased 77.2 percent to US$149.40.
Phoenix, Arizona, recorded the second-highest occupancy increase for the week, rising 16.3 percent to 49.5 percent. Miami/Hialeah, Florida, experienced the largest decrease in occupancy
(-2.4 percent to 68.0 percent).
Three other markets, aside from San Francisco/San Mateo, achieved double-digit ADR increases: Nashville, Tennessee (+12.6 percent to US$103.87); Denver, Colorado (+12.4 percent to US$97.96); and Phoenix (+11.6 percent to US$93.52).
None of the Top 25 Markets experienced an ADR decrease; however, New York, New York, remained flat at US$238.15.
In addition to San Francisco/San Mateo, four markets experienced RevPAR increases of more than 20.0 percent: Phoenix (+29.8 percent to US$46.25); Nashville (+26.9 percent to US$56.17); Denver (+23.6 percent to US$54.56); and Atlanta, Georgia (+21.9 percent to US$44.03).
None of the Top 25 Markets reported a RevPAR decrease.
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