STR Reports US Hotel Occupancy Down for Week Ending April 19, 2014

Occupancy Drops 2.7% to 62.8% and ADR is Up 2.5% to US$112.37

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. April 28, 2014

April 28, 2014 - The U.S. hotel industry posted mixed results in the three key performance measurements during the week of 13-19 April 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy decreased 2.7 percent to 62.8 percent. Average daily rate increased 2.5 percent to finish the week at US$112.37. Revenue per available room for the week was down 0.3 percent to finish at US$70.58.

Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, rose 26.0 percent in occupancy to 67.4 percent, reporting the largest increase in that metric, followed by Orlando, Florida (+21.8 percent to 81.7 percent), and Tampa/St. Petersburg, Florida (+13.9 percent to 75.3 percent). Detroit, Michigan, fell 19.0 percent in occupancy to 53.8 percent, posting the largest decrease in that metric.

Four markets achieved double-digit ADR increases: Miami-Hialeah, Florida (+25.6 percent to US$225.94); Tampa/St. Petersburg (+18.4 percent to US$123.54); Orlando (+15.0 percent to US$116.06); and Anaheim/Santa Ana, California (+10.2 percent to US$133.65). Washington, D.C. (-19.3 percent to US$136.47), and New Orleans, Louisiana (-19.2 percent to US$126.62), reported the largest ADR decreases for the week.

Four markets experienced RevPAR increases of more than 30 percent: Orlando (+40.1 percent to US$94.81); Tampa/St. Petersburg (+34.9 percent to US$92.99); Norfolk/Virginia Beach (+34.2 percent to US$58.78); and Miami/Hialeah (+32.0 percent to US$186.07). New Orleans fell 30.0 percent in RevPAR to US$88.33, reporting the largest decrease in that metric.