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HomeHotels & LodgingSTR: US hotel results for week ending 29 August
Hospitality

STR: US hotel results for week ending 29 August

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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She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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HomeHotels & LodgingSTR: US hotel results for week ending 29 August
Hospitality

STR: US hotel results for week ending 29 August

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.

 

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

25/06/2024
24/06/2024
21/06/2024
20/06/2024
19/06/2024
18/06/2024