In year-over-year measurements, the industry’s occupancy increased 0.6% to 64.3%; ADR was up 2.1% to $120.04; and RevPAR rose 2.7% to $77.17.
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive results in the three key performance metrics during the week of 14-20 February 2016, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy increased 0.6% to 64.3%. Average daily rate for the week was up 2.1% to US$120.04. Revenue per available room rose 2.7% to US$77.17.
Among the Top 25 Markets, Nashville, Tennessee, recorded the largest increases in occupancy (+23.0% to 73.4%) and RevPAR (+34.2% to US$91.85). ADR in the market grew 9.1% to US$125.18.
Six additional markets reported a double-digit increase in RevPAR: Los Angeles/Long Beach, California (+22.5% to US$161.00); San Francisco/San Mateo, California (+19.8% to US$166.56); Norfolk/Virginia Beach, Virginia (+18.5% to US$35.99); St. Louis, Missouri-Illinois (+14.6% to US$59.57); Dallas, Texas (+13.4% to US$80.29); and Detroit, Michigan (+12.0% to US$61.75).
Four markets experienced a double-digit drop in RevPAR: Miami/Hialeah, Florida (-13.9% to US$215.99); New Orleans, Louisiana (-11.4% to US$128.87); Orlando, Florida (-10.0% to US$112.03); and Denver, Colorado (-10.0% to US$76.28).
Two markets posted a double-digit rise in ADR: Los Angeles/Long Beach (+15.0% to US$182.18) and San Francisco/San Mateo (+14.9% to US$205.87).
Miami/Hialeah (-9.0% to US$252.41) and New Orleans (-8.5% to US$167.43) reported the largest ADR decreases for the week.
Norfolk/Virginia Beach (+11.3% to 48.5%) was the only market in addition to Nashville to report a double-digit lift in occupancy. Denver (-10.5% to 66.7%) was the only market to report a double-digit drop in the metric.
View the U.S. hotel review for the week ending 20 February.