STR Reports US Hotel Occupancy Up 0.4% to 64.0% for Week Ending February 21, 2015

Occupancy Up 0.4% to 64.0% and the Average Daily Rate Increased 5.7% to US$117.60

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. February 27, 2015

February 27, 2015 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 15-21 February 2015, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 0.4 percent to 64.0 percent. Average daily rate increased 5.7 percent to finish the week at US$117.60. Revenue per available room for the week was up 6.2 percent to finish at US$75.26.

Four of the Top 25 Markets reported RevPAR increases of more than 20.0 percent: New Orleans, Louisiana (+26.5 percent to US$144.74); Orlando, Florida (+26.1 percent to US$125.22); Denver, Colorado (+23.1 percent to US$84.83); and Anaheim/Santa Ana, California (+21.5 percent to US$117.75).

Chicago, Illinois, reported the largest RevPAR decrease, falling 10.3 percent to US$58.07.

Six markets recorded double-digit ADR increases during the week: New Orleans (+15.8 percent to US$182.25); Denver (+14.8 percent to US$113.88); Los Angeles/Long Beach, California (+14.0 percent to US$158.91); Orlando (+13.0 percent to US$133.91); Anaheim/Santa Ana (+12.2 percent to US$142.45); and Miami, Hialeah, Florida (+11.8 percent to US$276.36).

Chicago reported the largest ADR decrease, dropping 3.7 percent to US$104.76.

Orlando recorded the only double-digit occupancy increase, rising 11.6 percent to 93.5 percent.

Nashville, Tennessee, reported the largest occupancy decrease, slipping 11.7 percent to 59.7 percent during the week.