The U.S. hotel industry posted positive results in the three key performance measurements during the week of 30 March-5 April 2014, according to data from STR. In year-over-year measurements, the industry's occupancy increased 2.4 percent to 65.2 percent. Average daily rate rose 4.2 percent to finish the week at US$112.60. Revenue per available room for the week was up 6.7 percent to finish at US$73.46.

Among the Top 25 Markets, Dallas, Texas (+21.2 percent to 71.9 percent), and New Orleans, Louisiana

(+20.6 percent to 80.2 percent), reported the largest occupancy increases for the week. Two markets experienced double-digit occupancy decreases: Orlando, Florida (-10.5 percent to 75.6 percent), and Norfolk-Virginia Beach, Virginia (-10.3 percent to 51.4 percent).

Three markets achieved ADR increases of more than 15 percent: Dallas (+25.4 percent to US$110.72);

San Francisco/San Mateo, California (+20.4 percent to US$186.87); and New Orleans (+19.4 percent to US$163.45). Atlanta, Georgia, fell 10.3 percent in ADR to US$90.14, reporting the largest decrease in that metric.

Four markets experienced RevPAR growth of more than 25 percent: Dallas (+52.0 percent to

US$79.59); New Orleans (+44.1 percent to US$131.10); Denver, Colorado (+34.2 percent to US$75.81); and Phoenix, Arizona (+26.6 percent to US$104.15). Norfolk/Virginia Beach (-15.4 percent to US$39.90) and New York, New York (-12.7 percent to US$189.69), reported the largest RevPAR decreases 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 corporate 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.

Rachael Spann Urie
Director, Public Relations
+1 (615) 824-8664 ext. 3305
STR