STR Reports US Hotel Occupancy Up for Week Ending October 25, 2014

Occupancy Up 5.4% to 69.4% and Average Daily Rate up 5.1% to US$119.52

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. November 03, 2014

November 3, 2014 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 19-25 October 2014, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 5.4 percent to 69.4 percent. Average daily rate increased 5.1 percent to finish the week at US$119.52. Revenue per available room for the week was up 10.8 percent to finish at US$82.89.

Of the Top 25 Markets, Denver, Colorado, reported the largest occupancy increase, rising 11.9 percent to 83.8 percent. Minneapolis/St. Paul, Minnesota-Wisconsin (-4.4 percent to 70.2 percent), and Boston, Massachusetts (-4.1 percent to 86.0 percent), reported the largest occupancy decreases for the week.

Four markets achieved ADR increases of more than 10.0 percent: Nashville, Tennessee (+15.7 percent to US$133.20); San Francisco/San Mateo, California (+13.2 percent to US$236.00); Denver (+11.9 percent to US$125.10); and Los Angeles/Long Beach, California (+10.2 percent to US$153.20).

Six markets experienced RevPAR increases of 15.0 percent or more: Denver (+25.1 percent to US$104.90); Nashville (+21.7 percent to US$114.09); Orlando, Florida (+19.6 percent to US$93.18); San Francisco/San Mateo (+18.1 percent to US$217.08); Atlanta, Georgia (+15.9 percent to US$73.41); and Los Angeles/Long Beach (+15.0 percent to US$123.47).

St. Louis, Missouri-Illinois, reported the largest ADR (-4.0 percent to US$98.64) and RevPAR (-7.1 percent to US$67.71) decrease for the week.