STR: US results for week ending 8 August
 
STR: US results for week ending 8 August
13 AUGUST 2015 6:16 AM
In year-over-year measurements, the industry’s occupancy increased 1.6% to 77%; its ADR was up 4% to $123.84; and its RevPAR increased 5.7% to $95.34.
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 2-8 August 2015, according to data from STR, Inc.
 
In year-over-year measurements, the industry’s occupancy increased 1.6% to 77.0%. Average daily rate for the week was up 4.0% to US$123.84. Revenue per available room increased 5.7% to finish the week at US$95.34.
 
Five of the Top 25 Markets reported RevPAR increases of more than 15.0%: Norfolk/Virginia Beach, Virginia (+21.3% to US$114.86); Nashville, Tennessee (+17.6% to US$98.73); Dallas, Texas (+17.0% to US$66.34); Seattle, Washington (+16.4% to US$183.02); and Denver, Colorado (+15.3% to US$115.61).
 
Philadelphia, Pennsylvania-New Jersey (-5.3% to US$88.56), reported the largest RevPAR decrease for the week.   
 
Three markets posted double-digit ADR increases: Seattle (+15.4% to US$191.38); Nashville (+11.0% to US$125.00); and Denver (+10.1% to US$127.93).  
 
Washington, D.C.-Maryland-Virginia (-4.1% to US$130.43), recorded the largest ADR decrease for the week. 
 
Norfolk/Virginia Beach experienced the only double-digit occupancy increase, up 11.5% to 86.8%. 
 
Houston, Texas, saw the steepest decline in occupancy, down 5.2% to 65.7%. 

View the U.S. hotel review for the week ending 8 August.

Media Contacts:

Jeff Higley
VP, Digital Media & Communications       
jhigley@str.com
+1 (615) 824-8664 ext. 3318
 
Nick Minerd
Public Relations Coordinator
nminerd@str.com
+1 (615) 824-8664 ext. 3305
 
 

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.