In year-over-year measurements, the industry’s occupancy decreased 2.7% to 64.8%. Average daily rate for the week was up 1.5% to US$115.95. Revenue per available room declined 1.2% to finish the week at US$75.16.
HENDERSONVILLE, Tennessee – The U.S. hotel industry recorded mixed results in the three key performance measurements during the week of 23-29 August 2015, according to data from STR, Inc.
In year-over-year measurements, the industry’s occupancy decreased 2.7% to 64.8%. Average daily rate for the week was up 1.5% to US$115.95. Revenue per available room declined 1.2% to finish the week at US$75.16.
Friday and Saturday performance was down significantly, primarily due to the shift of Labor Day from 1 September 2014 to 7 September 2015.
Three of the Top 25 Markets reported double-digit increases in RevPAR during the week: Tampa/St. Petersburg, Florida (+11.3% to US$60.66); New Orleans, Louisiana (+10.7% to US$69.04); and Nashville, Tennessee (+10.4% to US$86.06). Overall, 14 markets experienced a RevPAR increase for the week.
St. Louis, Missouri-Illinois, reported the largest RevPAR decrease, down 20.1% to US$54.21. Overall, five markets saw double-digit decreases in RevPAR.
Nashville was the only market to post a double-digit increase in ADR, up 11.9% to US$123.45.
San Francisco/San Mateo, California, recorded the largest ADR decrease for the week, down 8.0% to US$221.62.
Tampa/St. Petersburg experienced the largest occupancy increase, up 6.4% to 61.7%.
St. Louis (-14.5% to 57.9%) and Houston, Texas (-13.2% to 62.6%), were the two markets to see double-digit declines in occupancy. Overall, 17 markets saw a year-over-year drop in occupancy.
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