Jan
12

Lodging Market Finishes 2014 Strong

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hotel clipart8h3According to STR, the U.S. hotel industry recorded positive results in the three key performance measurements during the week of 28 December 2014 through 3 January 2015.

In year-over-year measurements, the industry’s occupancy rose 10.4 percent to 51.7 percent. Average daily rate increased 5.6 percent to finish the week at US$125.11. Revenue per available room for the week was up 16.5 percent to finish at US$64.71.

Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase for the week (+19.6 percent to 63.4 percent). Atlanta, Georgia, followed with a 19.3-percent occupancy increase to 53.6 percent. Detroit, Michigan, experienced the largest occupancy decrease, falling 12.9 percent to 40.2 percent.

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