U.S. Hotel Market Posts Positive Gains in Mid-September

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According to STR, the U.S. hotel industry recorded positive results in the three key performance measurements during the week ending September 20, 2014.

In year-over-year measurements, the industry's occupancy rose 4.4 percent to 70.6 percent. Average daily rate increased 6.0 percent to finish the week at US$119.71. Revenue per available room for the week was up 10.7 percent to finish at US$84.50.

Of the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy growth, increasing 21.8 percent to 75.1 percent. Atlanta, Georgia, followed with a 16.0-percent increase to 74.9 percent. Philadelphia, Pennsylvania-New Jersey (-2.1 percent to 73.5 percent), and Minneapolis/St. Paul, Minnesota, Wisconsin (-1.4 percent to 79.9 percent), reported the only occupancy decreases for the week.

Denver, Colorado (+13.4 percent to US$123.99), and St. Louis, Missouri-Illinois (+13.1 percent to US$105.46), achieved the largest ADR growth. None of the top markets reported an ADR decrease for the week.

Five markets experienced RevPAR increases of more than 20.0 percent: New Orleans (+37.0 percent to US$102.27); St. Louis (+28.5 percent to US$79.88); Atlanta (+28.0 percent to US$76.99); Orlando, Florida (+27.9 percent to US$66.18); and San Diego, California (+22.6 percent to US$120.53). Philadelphia fell 1.6 percent to US$94.22 in RevPAR, reporting the only decrease in that metric.