US Hotels See Gains

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U.S. hotel operators reported increases in occupancy and revenue for the week of August 18-24.

Occupancy was up 2.5 percent from a year earlier to 67.4 percent, while the average daily rate increased 4.3 percent to $110.11 and revenue per available room grew 6.9 percent to $74.17, according to new data from STR.

Of the top 25 markets, Nashville reported the largest increase in occupancy, which was up 15.5 percent to 69.6 percent, followed by St. Louis, which posted a 12.7 percent gain. New Orleans was the only city to report a double digit decrease in occupancy, which fell 13.5 percent.

San Francisco reported the largest growth in average daiy rate, jumping 13.8 percent to $199.26, followed by Oahu (12.2 percent) and Seattle (11.5 percent).

Several markets reported RevPar increases of more than 15 percent, led by Nashville, St. Louis and Miami-Hialeah.

Tampa-St. Petersburg, Florida, reported the largest decreases in ADR (-20.1 percent to US$89.35) and RevPAR (-22.2 percent to US$52.30) for the week.