U.S. Hotel Revenues Uptick 5 Percent in Late April

U.S. Hotel Revenues Uptick 5 Percent in Late April

Vacation News » North America Vacation News Edition | By WPJ Staff | May 5, 2014 9:28 AM ET

According to STR, the U.S. hotel industry recorded positive results in the three key performance measurements during the week ending April 26, 2014.

In year-over-year measurements, the industry's occupancy increased 2.5 percent to 66.8 percent. Average daily rate increased 2.8 percent to finish the week at US$113.31. Revenue per available room for the week was up 5.4 percent to finish at US$75.66.

Among the Top 25 Markets, Orlando, Florida, rose 11.9 percent in occupancy to 78.7 percent, reporting the largest increase in that metric. Seattle, Washington, followed with a 9.3-percent increase in occupancy to 77.1 percent. Philadelphia, Pennsylvania-New Jersey, fell 7.8 percent to 72.0 percent in occupancy, posting the largest decrease in that metric.

Five markets experienced double-digit ADR increases: Boston, Massachusetts (+15.4 percent to US$197.44); Nashville, Tennessee (+14.3 percent to US$124.63); Tampa/St. Petersburg, Florida (+12.5 percent to US$121.35); Miami/Hialeah, Florida (+12.1 percent to US$205.31); and Orlando (+10.7 percent to US$115.49). Washington, D.C., fell 11.5 percent in ADR to US$149.64, reporting the largest decrease in that metric.

Five markets achieved RevPAR increases of more than 15 percent: Orlando (+23.9 percent to US$90.86); Boston (+23.7 percent to US$163.59); Tampa/St. Petersburg (+19.8 percent to US$86.28); Seattle (+16.5 percent to US$99.11); and Nashville (+15.2 percent to US$92.70). Philadelphia posted the largest RevPAR decrease, falling 13.1 percent to US$93.53.

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