STR Reports US Hotel Occupancy Up for Week Ending June 14, 2014

Occupancy Up 2.0% to 71.6% and ADR Up 4.4% to US$115.61

• 
  SAVE
• 
  SHARE
• 
  TEXT SIZE
• 
  PRINT
• 
  COMMENT
• 
  PDF

. June 23, 2014

June 23, 2014 - The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 8-14 June 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy increased 2.0 percent to 71.6 percent. Average daily rate increased 4.4 percent to finish the week at US$115.61. Revenue per available room for the week was up 6.5 percent to finish at US$82.82.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 14.7 percent to 72.7 percent, followed by Detroit, Michigan (+9.3 percent to 76.6 percent), and St. Louis, Missouri-Illinois (+9.3 percent to 74.6 percent).

Five markets achieved double-digit ADR increases: San Francisco/San Mateo, California (+14.0 percent to US$221.34); St. Louis (+11.9 percent to US$101.01); Nashville, Tennessee (+11.6 percent to US$121.29); Detroit (+11.2 percent to US$93.55); and Seattle, Washington (+10.7 percent to US$152.05).

Three markets experienced RevPAR increases of more than 20.0 percent: New Orleans (+25.9 percent to US$90.87); St. Louis (+22.3 percent to US$75.34); and Detroit (+21.6 percent to US$71.70).

Philadelphia, Pennsylvania-New Jersey, saw the largest decrease in all three key performance metrics. The market's occupancy fell 9.8 percent to 75.2 percent; its ADR dropped 12.8 percent to US$123.42; and its RevPAR decreased 21.4 percent to US$92.87.