Published on : Friday, January 22, 2016
In year-over-year measurements, the industry’s occupancy decreased 0.7% to 57.2%. Average daily rate for the week rose 3.5% to US$118.64, and revenue per available room increased 2.8% to US$67.90.
Among the Top 25 Markets, Atlanta, Georgia, reported the largest increases in each of the three key performance metrics. Occupancy in the market rose 13.0% to 73.9%; ADR was up 22.2% to US$118.17; and RevPAR jumped 38.1% to US$87.36.
Four additional markets experienced double-digit growth in RevPAR: San Francisco/San Mateo, California (+16.7% to US$299.07); Los Angeles/Long Beach, California (+13.7% to US$130.39); Orlando, Florida (+13.4% to US$99.96); and Nashville, Tennessee (+11.8% to US$73.47).
Three markets reported a double-digit decline in RevPAR for the week: Dallas, Texas (-18.4% to US$72.69); New Orleans, Louisiana (-11.7% to US$83.72); and New York, New York (-11.6% to US$134.17).
After Atlanta, San Francisco/San Mateo was the only other market to post a double-digit rise in ADR, up 18.2% to US$355.92.
New York reported the largest drop in ADR (-8.5% to US$184.41), and Dallas was the only market to see a double-digit decrease in occupancy (-11.8% to 68.7%).