STR: US results for week ending 15 August
STR: US results for week ending 15 August
20 AUGUST 2015 6:01 AM
In year-over-year measurements, the industry’s occupancy increased 1.2% to 74.3%; its ADR was up 3.9% to $122.30; and its RevPAR increased 5.1% to $90.85.
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 9-15 August 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy increased 1.2% to 74.3%. Average daily rate for the week was up 3.9% to US$122.30. Revenue per available room increased 5.1% to finish the week at US$90.85.
Six of the Top 25 Markets reported double-digit increases in RevPAR: New Orleans, Louisiana (+24.1% to US$67.43); St. Louis, Missouri-Illinois (+14.6% to US$77.67); Denver, Colorado (+12.8% to US$114.03); Los Angeles/Long Beach, California (+12.3% to US$166.65); Orlando, Florida (+12.0% to US$73.91); and Anaheim/Santa Ana, California (+11.3% to US$149.70). 
New York, New York (-3.8% to US$204.55), and San Francisco/San Mateo, California (-3.5% to US$221.71), reported the largest RevPAR decreases for the week.   
Three markets posted double-digit ADR increases: Seattle, Washington (+10.7% to US$183.40); Los Angeles/Long Beach (+10.4% to US$185.10); and New Orleans (+10.2% to US$112.44). 
New York recorded the largest ADR decrease for the week, down 2.7% to US$232.84.
New Orleans experienced the only double-digit occupancy increase, up 12.5% to 60.0%. 
Houston, Texas (-5.4% to 68.7%), and Detroit, Michigan (-5.0% to 77.4%), saw the steepest declines in occupancy. 

View the U.S. hotel review for the week ending 15 August.

Media Contacts:
Jeff Higley
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
Nick Minerd
Public Relations Coordinator
+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.