Hotels in San Francisco Report RevPAR Growth of 20.3%

According to data compiled by STR, hotel in the Americas region recorded positive results in the three key performance metrics during January 2015 when reported in U.S. dollars.

Compared to January 2014, hotels in the Americas region reported a 3.7% increase in occupancy to 54.5%, a 3.5% increase in ADR to US$115.48 and a 7.3% increase in RevPAR to US$62.99.

Among the key markets in the region, hotels in Buenos Aires, Argentina, reported the largest occupancy increase, rising 8.3% to 59.7%. Vancouver, Canada, followed with a 7.2% increase to 57.2%. San Francisco, California, experienced the largest ADR increase, rising 16.9% to US$218.96. The market also reported the largest RevPAR growth, up 20.3% to US$160.37.

Bogota, Colombia, reported the largest decrease in all three key performance metrics. The market’s occupancy fell 8.7% to 40.6% in occupancy; ADR declined 12.6% to US$112.71; and RevPAR was down 20.2% to US$45.81.