Published on : Saturday, January 4, 2014
In year-over-year measurements, the industry’s occupancy fell 1.6 percent to 44.6 percent. Average daily rate rose 2.0 percent to finish the week at US$108.93. Revenue per available room for the week was up 0.3 percent to finish at US$48.59.
Among the Top 25 Markets, Tampa-St Petersburg, Florida, reported the largest occupancy increase, rising 8.1 percent to 55.0 percent, followed by San Francisco/San Mateo, California, with a 6.0-percent increase to 68.2 percent. St Louis, Missouri-Illinois (-14.7 percent to 34.4 percent) reported the largest occupancy decrease.
Orlando, Florida (+8.7 percent to US$119.74) and Oahu Island, Hawaii (+7.6 percent to US$266.64) achieved the largest ADR increases during the week. New York, New York, fell 4.3 percent to US$253.26, reporting the largest ADR decrease.
Two markets experienced RevPAR growth of more than 10 percent: Tampa-St Petersburg (+14.5 percent to US$51.34); and San Francisco/San Mateo (+12.3 percent to US$95.02).
St Louis fell 14.1 percent to US$25.03 in RevPAR, reporting the largest decrease in that metric.