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News: Main
June 27, 2014

U.S. Hotel Occupancy Up 3.9 Percent

The industry's occupancy increased 3.9 percent to 75.2 percent

News:

Main
June 27, 2014

U.S. Hotel Occupancy Up 3.9 Percent

The industry's occupancy increased 3.9 percent to 75.2 percent

The U.S. hotel industry recorded positive results in the three key performance measurements during the week of June 15th-20th, according to data from Smith Travel Research (STR).

In year-over-year measurements, the industry’s occupancy increased 3.9 percent to 75.2 percent. ADR increased 4.3 percent to finish the week at $116.53. RevPAR for the week was up 8.4 percent to finish at $87.68.

Among the top 25 markets, Atlanta rose 10.8 percent in occupancy to 73.7 percent, reporting the largest increase in that metric. Dallas followed with a 9.9 percent increase to 79.4 percent. St. Louis fell 6.6 percent in occupancy to 81.2 percent, posting the largest decrease for the week.

Seattle (up 12.5 percent to $152.46), and San Francisco/San Mateo (up 12.2 percent to $215.96), achieved the largest ADR increases.

Four markets experienced RevPAR increases of more than 15 percent: Orlando (up 19.3 percent to $86.69); Dallas (up 17.8 percent to $77.93); Atlanta (up 16.0 percent to $67.11); and San Diego (up 16.0 percent to $132.73).

Philadelphia reported the largest decrease in both ADR (down 8.2 percent to $121.75) and RevPAR (down 12.0 percent to $93.86).

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