US Hotel Occupancy Up for Week Ending January 31, 2015

Occupancy Up 2.5% to 55.6% and Average Daily Rate increased 3.9% to US$114.20

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. February 06, 2015

February 6, 2015 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 25-31 January 2015, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 2.5 percent to 55.6 percent. Average daily rate increased 3.9 percent to finish the week at US$114.20. Revenue per available room for the week was up 6.6 percent to finish at US$63.55.

Six of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Phoenix, Arizona (+100.3 percent to US$192.48); Chicago, Illinois (+43.6 percent to US$69.55); Tampa/St Petersburg, Florida (+20.7 percent to US$88.56); Norfolk/Virginia Beach, Virginia (+16.6 percent to US$25.37); Minneapolis/St Paul, Minnesota-Wisconsin (+16.4 percent to US$60.11); and Anaheim/Santa Ana, California (+16.0 percent to US$86.73).

Four markets recorded double-digit ADR increases: Phoenix (+77.6 percent to US$241.32); Chicago (+19.2 percent to US$120.13); Anaheim/Santa Ana (+10.5 percent to US$132.44); and Nashville, Tennessee (+10.3 percent to US$115.98).

New York, New York, reported the largest RevPAR decrease (-35.9 percent to US$110.65) and ADR decrease (-28.7 percent to US$178.89) for the week.

Chicago reported the highest occupancy increase, rising 20.5 percent to 57.9 percent. Philadelphia, Pennsylvania-New Jersey recorded the largest occupancy decrease (-14.0 percent to 50.2 percent).