STR: US results for week ending 25 January 2014
In year-over-year measurements, the industry’s occupancy increased 2.4% to 55.2%; ADR rose 3% to $109.59; and RevPAR was up 5.5% to $60.54.
The U.S. hotel industry posted positive results in the three key performance measurements during the week of 19-25 January 2014, according to data from STR. In year-over-year measurements, the industry's occupancy increased 2.4 percent to 55.2 percent. Average daily rate rose 3.0 percent to finish the week at US$109.59. Revenue per available room for the week was up 5.5 percent to finish at US$60.54.
New Orleans (+22.5 percent to US$161.52) achieved the only double-digit ADR increase during the week.
Washington, D.C. (-29.1 percent to US$126.51) reported the only double-digit ADR decrease for the week.
Four markets experienced RevPAR growth of more than 15 percent: New Orleans (+37.3 percent to US$107.56); Denver (+21.0 percent to US$69.28); Philadelphia, Pennsylvania-New Jersey (+18.4 percent to US$71.97); and Los Angeles-Long Beach, California (+17.2 percent to US$111.09).
Washington, D.C. (-40.5 percent to US$62.59) and Chicago, Illinois (-10.4 percent to US$51.12) reported the only double-digit RevPAR decreases for the week.
Rachael Spann Urie
Director, Public Relations
Phone: +1 (615) 824-8664 ext. 3305
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.