STR Reports US Hotel Occupancy Up for Week Ending November 29, 2014

Occupancy Up 4.0% to 48.8% and Average Daily Rate up 4.9% to US$102.21

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. December 05, 2014

December 5, 2014 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 23-29 November 2014, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 4.0 percent to 48.8 percent. Average daily rate increased 4.9 percent to finish the week at US$102.21. Revenue per available room for the week was up 9.1 percent to finish at US$49.83.

Among the Top 25 Markets, New Orleans, Louisiana, rose 20.7 percent to 56.4 percent, reporting the largest occupancy increase, followed by Dallas, Texas (+10.4 percent to 50.8 percent), and Denver, Colorado (+10.3 percent to 46.2 percent). Minneapolis/St. Paul, Minnesota-Wisconsin (-4.7 percent to 40.8 percent), and Miami/Hialeah, Florida (-3.9 percent to 67.3 percent), posted the largest occupancy decreases.

Three markets experienced double-digit ADR increases: Denver (+17.5 percent to US$89.21); San Diego, California (+10.3 percent to US$118.35); and Nashville, Tennessee (+10.0 percent to US$97.83). New York, New York, fell 2.0 percent to US$247.74, reporting the only ADR decrease.

Four markets achieved RevPAR increases of more than 15.0 percent: New Orleans (+32.0 percent to US$71.43); Denver (+29.7 percent to US$41.24); San Diego (+21.0 percent to US$73.39); and Dallas (+15.8 percent to US$38.34).