U.S. Hotel Sector Starts May on Positive Note

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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 May 3, 2014.

In year-over-year measurements, the industry's occupancy increased 7.5 percent to 67.4 percent. Average daily rate increased 5.6 percent to finish the week at US$116.41. Revenue per available room for the week was up 13.6 percent to finish at US$78.42.

Among the Top 25 Markets, Orlando, Florida, rose 16.4 percent in occupancy to 76.6 percent, reporting the largest increase in that metric, followed by Denver, Colorado (+14.8 percent to 75.7 percent), and Atlanta, Georgia (+14.1 percent to 74.9 percent). Oahu Island, Hawaii, posted the only occupancy decrease, falling 3.0 percent to 80.5 percent.

Three markets experienced ADR growth of more than 15 percent: Nashville, Tennessee (+17.2 percent to US$121.92); Orlando (+16.5 percent to US$116.69); and Denver (+16.1 percent to US$120.48). Dallas, Texas, fell 0.8 percent in ADR to US$96.27, posting the only decrease in that metric.

Five markets experienced RevPAR increases of more than 25 percent: Orlando (+35.6 percent to US$89.38); Denver (+33.3 percent to US$91.15); Nashville (+28.3 percent to US$93.52); Boston, Massachusetts (+26.9 percent to US$150.68); and Philadelphia, Pennsylvania-New Jersey (+25.7 percent to US$113.68). Oahu Island fell 0.4 percent in RevPAR to US$170.58, reporting the only decrease in that metric.