STR Reports US Hotel Occupancy Up for Week Ending February 7, 2015

Occupancy Up 1.9% to 57.5% and Average Daily Rate increased 3.5% to US$113.55

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. February 16, 2015

February 16, 2015 - The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 1-7 February 2015, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 1.9 percent to 57.5 percent. Average daily rate increased 3.5 percent to finish the week at US$113.55. Revenue per available room for the week was up 5.5 percent to finish at US$65.32.

Four of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Phoenix, Arizona (+40.7 percent to US$130.74); San Diego, California (+25.3 percent to US$116.76); Los Angeles/Long Beach, California (+18.1 percent to US$118.16); and Denver, Colorado (+17.2 percent to US$69.70).

New York, New York, reported the largest RevPAR decrease (-19.8 percent to US$132.30) and ADR decrease (-15.2 percent to US$188.84) for the week.

Three markets recorded double-digit ADR increases: Phoenix (+36.4 percent to US$177.96); Los Angeles/Long Beach (+14.9 percent to US$154.86); and San Diego (+10.9 percent to US$148.30).

San Diego reported the only double-digit occupancy increase (+13.0 percent to 78.7 percent). Philadelphia, Pennsylvania-New Jersey reported the only double-digit occupancy decrease (-18.1 percent to 54.9 percent).