STR: US results for week ending 24 October
 
STR: US results for week ending 24 October
29 OCTOBER 2015 6:40 AM

In year-over-year measurements, the industry’s occupancy increased 1.7% to 70.6%; ADR was up 4.6% to $124.76; and RevPAR increased 6.4% to $88.08.

HENDERSONVILLE, Tennessee—The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 18-24 October 2015, according to data from STR, Inc.
 
In year-over-year measurements, the industry’s occupancy increased 1.7% to 70.6%. Average daily rate for the week was up 4.6% to US$124.76. Revenue per available room increased 6.4% to finish the week at US$88.08.
 
Among the Top 25 Markets, Atlanta, Georgia, reported the largest increases in ADR (+13.2% to US$113.55) and RevPAR (+20.2% to US$87.67). Occupancy in the market increased 6.2% to 77.2%.
 
Two additional markets saw RevPAR increases of more than 15.0%: Anaheim/Santa Ana, California (+17.9% to US$120.69), and San Diego, California (+16.7% to US$127.11). Overall, 13 of the Top 25 Markets reported a double-digit rise in RevPAR.  
 
New Orleans, Louisiana (-9.6% to US$117.57), and Orlando, Florida (-7.2% to US$85.68), experienced the largest decreases in RevPAR for the week.
 
After Atlanta, two other markets posted a double-digit increase in ADR: Nashville, Tennessee (+11.4% to US$147.86), and San Diego (+10.5% to US$158.50).
 
Three markets recorded negative ADR performance for the week, with New Orleans (-3.8% to US$155.31) reporting the largest drop.
 
In terms of occupancy, the largest year-over-year increases were reported in Anaheim/Santa Ana (+8.4% to 82.2%); Minneapolis/St. Paul, Minnesota-Wisconsin (+8.3% to 75.9%); and Tampa/St. Petersburg, Florida (+8.2% to 73.7%).
 
Denver, Colorado (-7.6% to 77.3%), saw the largest occupancy decrease. 

View the U.S. hotel review for the week ending 24 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.