STR: US hotel results for week ending 21 March
STR: US hotel results for week ending 21 March
26 MARCH 2015 6:16 AM
In year-over-year measurements, the industry’s occupancy rose 3.2% to 69.3%; its ADR increased 6.6% to $122.46; and its RevPAR was up 10% to $84.89.
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 15-21 March 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy rose 3.2 percent to 69.3 percent. Average daily rate increased 6.6 percent to finish the week at US$122.46. Revenue per available room for the week was up 10.0 percent to finish at US$84.89.
Five of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Detroit, Michigan (+23.7 percent to US$63.03); Washington, D.C.-Maryland-Virginia (+22.1 percent to US$125.43); Orlando, Florida (+15.7 percent to US$124.84); Seattle, Washington (+15.5 percent to US$103.89); and Tampa/St. Petersburg, Florida (+15.2 percent to US$135.65). 
Two markets reported RevPAR decreases for the week: Denver, Colorado (-6.2 percent to US$87.75) and Oahu Island, Hawaii (-0.9 percent to US$182.00).
Four markets recorded double-digit ADR increases during the week: Tampa/St. Petersburg (+11.3 percent to US$146.55); Seattle (+10.8 percent to US$133.19); Washington, D.C. (+10.7 percent to US$165.47); and Phoenix, Arizona (+10.1 percent to US$170.73). 
Denver reported the only ADR decrease, falling 1.7 percent to US$114.57. 
Detroit (+13.6 percent to 67.3 percent) and Washington, D.C. (+10.3 percent to 75.8 percent) recorded the highest occupancy increases. 
Denver reported the largest occupancy decrease, slipping 4.6 percent to 76.6 percent during the week. 

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

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