The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 29 June through 5 July 2014, according to data from STR. In year-over-year measurements, the industry's occupancy rate increased 4.4 percent to 66.0 percent. Average daily rate increased 4.5 percent to finish the week at US$112.40. Revenue per available room for the week was up 9.0 percent to finish at US$74.14.

All Top 25 Markets, except Dallas, Texas (-1.8 percent to US$76.47), reported ADR growth for the week. Three markets achieved increases of more than 15.0 percent: Denver, Colorado (+26.4 percent to US$117.13); Nashville, Tennessee (+21.9 percent to US$110.43); and Minneapolis/St. Paul, Minnesota-Wisconsin (+18.3 percent to US$102.96).

Six markets experienced RevPAR increases of 30.0 percent or more: Minneapolis/St. Paul (+56.9 percent to US$71.91); Denver (+47.1 percent to US$103.95); Nashville (+41.0 percent to US$76.62); Houston, Texas (+35.5 percent to US$60.39); Boston, Massachusetts (+33.1 percent to US$122.29); and Seattle, Washington (+30.0 percent to US$110.24). Dallas fell 6.5 percent in RevPAR to US$41.72, reporting the largest decrease in that metric.

Minneapolis/St. Paul (+32.6 percent to 69.8 percent) and Houston (+22.6 percent to 66.2 percent) led the occupancy increases. San Diego, California (-5.6 percent to 76.3 percent) posted the largest occupancy decrease for the week.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.