The U.S. hotel industry reported positive results in the three key performance metrics during November 2014, according to data from STR.
Overall, in year-over-year results, the U.S. hotel industry’s occupancy was up 2.5 percent to 58.7 percent; its ADR rose 4.5 percent to $112.52; and its RevPAR increased 7.1 percent to $66.09.
Of the top 25 markets, nine reported double-digit RevPAR increases: Anaheim/Santa Ana, California (up 16.9 percent to $91.96); Chicago (up 16.4 percent to $97.01); Seattle (up 15.2 percent to $88.75); Nashville (up 15 percent to $79.36); Boston (up 14.8 percent to $131.04); Washington, DC (up 11.5 percent to $92.73); Phoenix, Arizona (up 10.9 percent to $73.68); Orlando (up 10.8 percent to $70.87); and Denver (up 10.6 percent to $71.66).
Chicago led the ADR increases, increasing 12.8 percent to $144.04, followed by Boston (up 12.1 percent to $182.45), and Nashville (up 10.8 percent to $117.99).
Seattle (up 6.9 percent to 69.3 percent) and Anaheim/Santa Ana (up 6.8 percent to 70.8 percent) achieved the largest occupancy increases. St. Louis, Missouri-Illinois, experienced the largest decrease, falling 3.6 percent to 56.9 percent.
