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Stat: Positive Performance for US HotelsAugust 1, 2014
According to data from Smith Travel Research (STR), US hotels have performed positively in the three key performance measurements throughout the week ending July 26.
In year-over-year measurements, the industry’s occupancy rate rose 3.7 percent to 77.9 percent. Average daily rate increased 5.9 percent to finish the week at US$119.17. Revenue per available room for the week was up 9.8 percent to finish at US$92.88.
Among the Top 25 Markets, 16 of the top markets achieved double-digit RevPAR growth. Four markets reported RevPAR growth of more than 15.0 percent: San Diego, California (+30.2 percent to US$188.61); Atlanta, Georgia (+28.0 percent to US$79.74); Minneapolis/St. Paul, Minnesota-Wisconsin (+22.5 percent to US$102.47); and Philadelphia, Pennsylvania-New Jersey (+19.3 percent to US$103.18).
San Diego topped the ADR increases, rising 28.7 percent to US$209.38, followed by Atlanta (+13.6 percent to US$99.91) and Los Angeles/Long Beach, California (+11.8 percent to US$162.49).
Two markets experienced double-digit occupancy growth: Atlanta (+12.7 percent to 79.8 percent) and Minneapolis/St. Paul (+10.2 percent to 86.9 percent). Anaheim/Santa Ana, California, fell 1.3 percent in occupancy to 93.1 percent, posting the largest decrease in that metric.
None of the top markets reported ADR or RevPAR decreases for the week.