STR Reports US Hotel Occupancy Up for Week Ending November 22, 2014

Occupancy Up 5.5% to 60.7% and Average Daily Rate Up 4.1% to US$112.52

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. December 02, 2014

December 2, 204 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 16-22 November 2014, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 5.5 percent to 60.7 percent. Average daily rate increased 4.1 percent to finish the week at US$112.52. Revenue per available room for the week was up 9.8 percent to finish at US$68.34.

Among the Top 25 Markets, Anaheim/Santa Ana, California, recorded the largest occupancy increase, rising 15.3 percent to 72.9 percent, followed by Norfolk/Virginia Beach, Virginia (+12.8 percent to 46.4 percent), and Washington, D.C. (+12.4 percent to 72.7 percent). St. Louis, Missouri-Illinois, fell 6.8 percent to 55.1 percent, reporting the largest decrease in that metric.

Boston, Massachusetts (+18.5 percent to USS$186.75), and Anaheim/Santa Ana (+14.2 percent to US$131.33) achieved the largest ADR increases. San Francisco/San Mateo, California, fell 20.9 percent to US$187.12 in ADR, posting the largest decrease in that metric.

Nine of the Top 25 Markets experienced RevPAR growth of more than 15.0 percent: Anaheim/Santa Ana (+31.7 percent to US$95.78); Boston (+31.2 percent to US$147.72); Washington, D.C. (+24.8 percent to US$117.63); Phoenix, Arizona (+18.5 percent to US$76.83); Norfolk/Virginia Beach (+18.1 percent to US$35.32); Atlanta, Georgia (+17.3 percent to US$60.57); Nashville, Tennessee (+16.8 percent to US$84.80); San Diego, California (+15.8 percent to US$86.83); and Orlando, Florida (+15.6 percent to US$76.06). San Francisco/San Mateo recorded the largest RevPAR decrease, falling 23.9 percent to US$153.21.