STR: US results for week ending 17 October
 
STR: US results for week ending 17 October
22 OCTOBER 2015 8:16 AM
In year-over-year measurements, the industry’s occupancy increased 1.8% to 71.8%; ADR was up 3.6% to $123.77; and RevPAR increased 5.5% to $88.91.
HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 11-17 October 2015, according to data from STR, Inc.
 
In year-over-year measurements, the industry’s occupancy increased 1.8% to 71.8%. Average daily rate for the week was up 3.6% to US$123.77. Revenue per available room increased 5.5% to finish the week at US$88.91.
 
Among the Top 25 Markets, Dallas, Texas, reported the largest increases in each of the three key performance metrics. Occupancy in the market rose 13.5% to 81.2%; ADR was up 14.6% to US$111.00; and RevPAR increased 30.0% to US$90.12.
 
Minneapolis/St. Paul, Minnesota-Wisconsin, also experienced double-digit growth across the three measurements. Occupancy in the market increased 12.8% to 80.5%; ADR was up 11.0% to US$124.04; and RevPAR rose 25.2% to US$99.88.
 
After Dallas and Minneapolis/St. Paul, three other markets reported double-digit increases in RevPAR: Tampa/St. Petersburg, Florida (+11.5% to US$77.25); Nashville, Tennessee (+11.1% to US$121.76); and Anaheim/Santa Ana, California (+10.6% to US$127.80).
 
St. Louis, Missouri-Illinois, saw the steepest decline in RevPAR (-14.1% to US$68.98) and the only double-digit drop in occupancy (-10.5% to 68.9%).
 
San Francisco/San Mateo, California, reported the only double-digit decrease in ADR (-10.5% to US$257.40) as well as a double-digit drop in RevPAR (-13.0% to US$230.97).

View the U.S. hotel review for the week ending 17 October.

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.