STR: US Hotel Results Week Ending 28 April
The U.S. hotel industry experienced increases in all the three key performance metrics during the week of 22-28 April 2012, according to data from STR. In year-over-year comparisons for the week, occupancy was up 6.4 percent to 65.0 percent, average daily rate increased 7.5 percent to US$106.67 and revenue per available room jumped 14.4 percent to US$69.34.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry experienced increases in all the three key performance metrics during the week of 22-28 April 2012, according to data from STR.
In year-over-year comparisons for the week, occupancy was up 6.4 percent to 65.0 percent, average daily rate increased 7.5 percent to US$106.67 and revenue per available room jumped 14.4 percent to US$69.34.
Among the Top 25 Markets, Oahu Island, Hawaii, reported the largest occupancy increase, rising 17.5 percent to 81.0 percent, followed by Detroit, Michigan (+17.2 percent to 66.8 percent), and New Orleans, Louisiana (+15.0 percent to 85.5 percent). Orlando, Florida, fell 3.6 percent to 72.5 percent, posting the only occupancy decrease for the week.
New Orleans jumped 23.1 percent in ADR to US$168.58, reporting the largest increase in that metric, followed by Detroit (+15.4 percent to US$84.76) and Chicago, Illinois (+14.7 percent to US$128.53).
Three markets experienced RevPAR increases of more than 30 percent: New Orleans (+41.6 percent to US$144.06); Detroit (+35.3 percent to US$56.66); and Chicago (+30.7 percent to US$94.92).
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