San Francisco Hotels Lead the Americas in Rate Increases for January
San Francisco hotels enjoyed the steepest year-over-year average daily rate increase for any major market in the Americas, according to January 2014 data from STR and STR Global. Average daily rate in the city grew by 11.9 percent, to $187.21, leading to the largest increase in revenue per available room, which was up by 19.3 percent. Overall, hotels in the Americas reported a 2.4 percent year-over-year increase in occupancy for the month, a 2 percent bump in average daily rate and a 4.4 percent rise in RevPAR. Mexico City experienced the biggest occupancy increase, at 9.7 percent, followed by Vancouver, British Columbia's 9.2 percent occupancy boost. The steepest rate decline in any major market occurred in Washington, D.C., where ADR dropped by 17.6 percent, to $125.08, and RevPAR fell by 23 percent.