STR: US results for week ending 21 February
STR: US results for week ending 21 February
26 FEBRUARY 2015 9:05 AM
In year-over-year measurements, the industry’s occupancy rose 0.4% to 64%; its ADR increased 5.7% to $117.60; and its RevPAR was up 6.2% to $75.26.
HENDERSONVILLE, Tennessee—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.
In year-over-year measurements, the industry’s occupancy rose 0.4 percent to 64.0 percent. Average daily rate increased 5.7 percent to finish the week at US$117.60. Revenue per available room for the week was up 6.2 percent to finish at US$75.26.
Four of the Top 25 Markets reported RevPAR increases of more than 20.0 percent: New Orleans, Louisiana (+26.5 percent to US$144.74); Orlando, Florida (+26.1 percent to US$125.22); Denver, Colorado (+23.1 percent to US$84.83); and Anaheim/Santa Ana, California (+21.5 percent to US$117.75). 
Chicago, Illinois, reported the largest RevPAR decrease, falling 10.3 percent to US$58.07. 
Six markets recorded double-digit ADR increases during the week: New Orleans (+15.8 percent to US$182.25); Denver (+14.8 percent to US$113.88); Los Angeles/Long Beach, California (+14.0 percent to US$158.91); Orlando (+13.0 percent to US$133.91); Anaheim/Santa Ana (+12.2 percent to US$142.45); and Miami, Hialeah, Florida (+11.8 percent to US$276.36). 
Chicago reported the largest ADR decrease, dropping 3.7 percent to US$104.76.
Orlando recorded the only double-digit occupancy increase, rising 11.6 percent to 93.5 percent. 
Nashville, Tennessee, reported the largest occupancy decrease, slipping 11.7 percent to 59.7 percent during the week.

View the U.S. hotel review for the week ending 21 February.

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