STR Reports US Hotel Occupancy Up for Week Ending November 1, 2014

Occupancy Up 5.8% to 61.5% and Average Daily Rate Pp 5.6% to US$114.96

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. November 07, 2014

November 7, 2014 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 26 October through 1 November 2014, according to data from STR, Inc.

In year-over-year measurements, the industry's occupancy rose 5.8 percent to 61.5 percent. Average daily rate increased 5.6 percent to finish the week at US$114.96. Revenue per available room for the week was up 11.7 percent to finish at US$70.64.

Of the Top 25 Markets, five reported double-digit occupancy increases. Phoenix, Arizona, reported the largest increase, up 14.7 percent to 62.9 percent. Nashville, Tennessee, followed with an 11.6-percent increase to 72.2 percent. Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest occupancy decrease, falling 6.0 percent to 60.5 percent.

Seven markets achieved ADR increases of more than 10.0 percent: Chicago, Illinois (+19.7 percent to US$151.38); Denver, Colorado (+18.2 percent to US$121.92); Seattle, Washington (+14.1 percent to US$133.97); Phoenix (+12.2 percent to US$116.96); Orlando, Florida (+10.8 percent to US$104.20); Anaheim/Santa Ana, California (+10.3 percent to US$129.17); and Nashville (+10.3 percent to US$118.28).

New Orleans, Louisiana, (-7.1 percent to US$156.61) reported the largest ADR decrease for the week.

Four markets experienced RevPAR increases of 25.0 percent or more: Chicago (+32.9 percent to US$106.60); Denver (+28.7 percent to US$85.99); Phoenix (+28.7 percent to US$73.51); and Seattle (+26.1 percent to US$91.01). St. Louis, Missouri-Illinois, (-6.2 percent to US$59.58) reported the largest decrease in RevPAR.