STR Reports US Hotel Occupancy for Week Ending September 6, 2014

Occupancy Up 4.5% to 59.0% and Average Daily Rate Up 5.9% to US$108.87

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. September 15, 2014

September 15, 2014 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 31 August through 6 September 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy rate rose 4.5 percent to 59.0 percent. Average daily rate increased 5.9 percent to finish the week at US$108.87. Revenue per available room for the week was up 10.6 percent to finish at US$64.20.

Seventeen of the Top 25 Markets recorded double-digit RevPAR growth for the week. Eight top markets experienced RevPAR growth of more than 20.0 percent: New Orleans, Louisiana (+26.8 percent to US$64.12); Seattle, Washington (+24.4 percent to US$113.71); Chicago, Illinois (+24.1 percent to US$84.31); Orlando, Florida (+24.1 percent to US$48.24); Denver, Colorado (+23.8 percent to US$79.70); Atlanta, Georgia (+23.6 percent to US$49.95); Detroit, Michigan (+22.3 percent to US$56.17); and Washington, D.C. (+22.0 percent to US$68.24).

Seattle (+16.2 percent to US$145.45) and Denver (+15.3 percent to US$107.91) reported the largest ADR increases for the week.

New Orleans led the occupancy increases, rising 24.6 percent to 57.9 percent. Chicago followed with a 15.4-percent increase to 66.7 percent. Minneapolis-St. Paul, Minnesota/Wisconsin, fell 3.9 percent in occupancy to 59.4 percent, posting the largest decrease in that metric.

None of the Top 25 Markets reported an ADR or RevPAR decrease for the week.