STR Reports US Hotel Occupancy Up for Week Ending July 5, 2014
Occupancy Up 4.4% to 66.0% and ADR Up 4.5% to US$112.40
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.
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.