The U.S. hotel industry recorded positive results in the three key performance measurements during the week of October 5-11th, according to data from STR.
In year-over-year measurements, the occupancy rose 5.5 percent to 71.3 percent. ADR increased 4.9 percent to finish the week at $120.23. RevPAR for the week was up 10.6 percent to finish at $85.71.
Of the top 25 markets, Norfolk-Virginia Beach, Virginia, reported the largest occupancy increase, rising 15.6 percent to 56.1 percent. Detroit followed with a 14.7 percent increase to 72.1 percent. Minneapolis-St. Paul, Minnesota-Wisconsin (down 8.9 percent to 73.1 percent), and New Orleans, Louisiana (down 7.9 percent to 73.0 percent), posted the largest occupancy decreases.
Four markets recorded double-digit ADR increases: Nashville, Tennessee (up 18.3 percent to $127.98); Los Angeles-Long Beach, California (up 12.1 percent to $154.69); Philadelphia, Pennsylvania-New Jersey (10.8 percent to $138.30); and St. Louis, Missouri-Illinois (up 10.8 percent to $105.29). Washington, DC, fell 1.3 percent to $175.39, reporting the only ADR decrease.
Four markets achieved RevPAR increases of more than 20.0 percent: Nashville (up 34.5 percent to $105.48); Detroit (up 24.6 percent to $66.04); St. Louis, Missouri-Illinois (up 24.3 percent to $79.32); and Norfolk-Virginia Beach (up 20.9 percent to $47.48). New Orleans fell 7.9 percent to $115.20, experiencing the largest decrease in that metric.
