U.S. Hotels Perform Well in Early May

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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 10, 2014.

In year-over-year measurements, the industry's occupancy increased 5.4 percent to 66.0 percent. Average daily rate increased 4.9 percent to finish the week at US$115.34. Revenue per available room for the week was up 10.6 percent to finish at US$76.16.

Among the Top 25 Markets, Atlanta, Georgia, achieved the largest occupancy increase, rising 17.3 percent to 71.5 percent. Orlando, Florida, followed with a 14.0-percent increase to 70.0 percent. Seattle, Washington, fell 3.6 percent in occupancy to 71.2 percent, reporting the largest decrease in that metric.

San Francisco/San Mateo, California, reported the largest ADR growth, rising 23.1 percent to US$208.36, followed by Houston, Texas, with a 13.4-percent increase to US$170.21. Denver, Colorado (-8.1 percent to US$109.07), and Philadelphia, Pennsylvania-New Jersey (-7.6 percent to US$124.25), posted the largest ADR decreases for the week.

Four markets experienced RevPAR increases of more than 20 percent: Atlanta (+29.0 percent to US$67.41); Anaheim/Santa Ana, California (+24.6 percent to US$102.66); Orlando (+24.0 percent to US$73.19); and San Francisco/San Mateo (+23.8 percent to US$169.16). Denver fell 8.8 percent in RevPAR to US$80.26, reporting the largest decrease in that metric.