STR Reports U.S. Hotel Occupancy Up for the Week February 15, 2014

Occupancy Increases 2.6% to 62.3% and ADR Up 4.1% to US$112.40

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. February 24, 2014

February 24, 2014 - The U.S. hotel industry posted positive results in the three key performance measurements during the week of 9-15 February 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy increased 2.6 percent to 62.3 percent. Average daily rate rose 4.1 percent to finish the week at US$112.40. Revenue per available room for the week was up 6.8 percent to finish at US$69.99.

Among the Top 25 Markets, San Diego, California, reported the largest occupancy increase, rising 16.2 percent to 77.4 percent. Philadelphia, Pennsylvania-New Jersey, followed with a 13.6-percent increase to 67.7 percent. New York, New York, posted the largest occupancy decrease, falling 8.8 percent to 75.5 percent.

Three markets achieved double-digit ADR gains: San Francisco/San Mateo, California (+19.0 percent to US$186.17); San Diego (+13.4 percent to US$138.01); and Nashville, Tennessee (+10.0 percent to US$110.57). New York (-3.1 percent to US$202.91) and Houston, Texas (-2.8 percent to US$110.06), posted the only ADR decreases for the week.

Four markets experience RevPAR increases of more than 20 percent: San Diego (+31.7 percent to US$106.75); San Francisco/San Mateo (+28.5 percent to US$155.51); St. Louis, Missouri-Illinois (+22.6 percent to US$55.96); and Denver, Colorado (+21.5 percent to US$69.10). Three markets reported RevPAR decreases: New York (-11.6 percent to US$153.21); Boston, Massachusetts (-3.3 percent to US$86.10); and Norfolk/Virginia Beach, Virginia (-3.1 percent to US$31.47).