STR: US results for week ending 5 September
STR: US results for week ending 5 September
11 SEPTEMBER 2015 6:51 AM
In year-over-year measurements, the industry’s occupancy increased 7.5% to 63.6%; its ADR was up 6.6% to $115.73; and RevPAR increased 14.6% to $73.58. 
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 30 August through 5 September 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy increased 7.5% to 63.6%. Average daily rate for the week was up 6.6% to US$115.73. Revenue per available room increased 14.6% to finish the week at US$73.58. 
Monday and Saturday showed the week’s most significant performance increases, primarily due to the shift of Labor Day from 1 September 2014 to 7 September 2015.
Six of the Top 25 Markets reported RevPAR increases of more than 30.0% during the week: San Francisco/San Mateo, California (+45.5% to US$226.58); Atlanta, Georgia (+41.7% to US$70.57); Nashville, Tennessee (+37.8% to US$84.84); Minneapolis/St. Paul, Minnesota-Wisconsin (+33.6% to US$78.31); St. Louis, Missouri-Illinois (+31.3% to US$67.67); and Anaheim/Santa Ana, California (+30.5% to US$101.64). Overall, 18 markets saw a double-digit increase in RevPAR. 
New Orleans, Louisiana (-6.4% to US$59.76), and New York, New York (-3.9% to US$215.37), were the only two markets to record a decrease in RevPAR for the week. 
Four markets posted ADR increases higher than 15.0%: San Francisco/San Mateo (+33.3% to US$253.87); Atlanta (+22.6% to US$106.26); Nashville (+17.6% to US$121.89); and Denver, Colorado (+15.4% to US$124.25). 
New York recorded the only ADR decrease for the week, down 7.4% to US$243.38.
Six markets experienced occupancy increases of more than 15.0%: Minneapolis/St. Paul (+22.9% to 72.6%); St. Louis (+18.4% to 67.0%); Philadelphia, Pennsylvania-New Jersey (+18.0% to 66.2%); Nashville (+17.2% to 69.6%); Atlanta (+15.6% to 66.4%); and Anaheim/Santa Ana (+15.2% to 70.0%). 
New Orleans saw the only double-digit drop in occupancy, down 11.0% to 51.4%.

View the U.S. hotel review for the week ending 5 September.

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.