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.

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