STR Reports US Hotel Occupancy Up for Week Ending November 9, 2013

Occupancy Up 2.5% to 64.1% and ADR Up 3.1% to US$111.35

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. November 18, 2013

November 18, 2013 - Smith Travel Research The U.S. hotel industry posted positive results in the three key performance measurements during the week of 3-9 November, according to data from STR.

In year-over-year measurements, the industry's occupancy increased 2.5 percent to 64.1 percent. Average daily rate rose 3.1 percent to finish the week at US$111.35. Revenue per available room for the week was up 5.7 percent to finish at US$71.34.

Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, rising 12.3 percent to 71.2 percent, followed by Atlanta, Georgia, with an 11.4-percent increase to 68.8 percent. Philadelphia, Pennsylvania-New Jersey (-19.1 percent to 69.4 percent), and Seattle, Washington (-8.0 percent to 71.7 percent) reported the largest occupancy decreases.

San Francisco/San Mateo, California (+17.5 percent to US$203.59), and Nashville (+14.5 percent to US$115.30), achieved the largest ADR increases during the week. Chicago, Illinois, fell 6.5 percent to US$134.73, reporting the largest ADR decrease.

Three markets experienced RevPAR growth of more than 20 percent: Nashville (+28.6 percent to US$82.08); San Francisco/San Mateo (+25.3 percent to US$186.19); and Atlanta (+23.8 percent to US$69.73).

Philadelphia fell 19.7 percent to US$86.39 in RevPAR, reporting the largest decrease in that metric.