STR Reports US Hotel Occupancy Up for Week Ending February 14, 2015

Occupancy Up 3.0% to 64.4% and Average Daily Rate Increased 6.5% to US$119.23

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. February 23, 2015

February 23, 2015 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 8-14 February 2015, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 3.0 percent to 64.4 percent. Average daily rate increased 6.5 percent to finish the week at US$119.23. Revenue per available room for the week was up 9.6 percent to finish at US$76.80.

Five of the Top 25 Markets reported RevPAR increases of more than 15.0 percent: Nashville, Tennessee (+20.7 percent to US$90.49); Atlanta, Georgia (+20.3 percent to US$74.24); San Francisco/San Mateo, California (+18.2 percent to US$183.06); Tampa/St Petersburg, Florida (+17.6 percent to US$106.18); and New Orleans, Louisiana (+15.2 percent to US$137.93).

Philadelphia, Pennsylvania-New Jersey, reported the only RevPAR decrease, falling 3.0 percent to US$75.15.

Five markets recorded double-digit ADR increases during the week: Nashville (+14.3 percent to US$125.50); San Francisco/San Mateo (+13.3 percent to US$210.68); Miami/Hialeah, Florida (+12.0 percent to US$280.52); Los Angeles/Long Beach, California (+11.6 percent to US$156.26); and Tampa/St Petersburg (+10.6 percent to US$124.92).

None of the Top 25 Markets reported an ADR decrease.

Atlanta recorded the only double-digit occupancy increase, rising 11.4 percent to 74.0 percent.

Philadelphia reported the largest occupancy decrease, slipping 6.8 percent to 63.2 percent during the week.