US hotel results week ending 12 May | STR Reports
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 6-12 May 2012, according to data from STR. In year-over-year comparisons for the week, occupancy ended the week virtually flat with a 0.1-percent increase to 62.7 percent, average daily rate increased 4.5 percent to US$105.85 and revenue per available room jumped 4.5 percent to US$66.35.
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 6-12 May 2012, according to data from STR. In year-over-year comparisons for the week, occupancy ended the week virtually flat with a 0.1-percent increase to 62.7 percent, average daily rate increased 4.5 percent to US$105.85 and revenue per available room jumped 4.5 percent to US$66.35.
Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the only double-digit occupancy increase, rising 22.1 percent to 71.4 percent. San Diego, California, fell 7.8 percent in occupancy to 61.7 percent, posting the largest decrease in that metric, followed by San Francisco/San Mateo, California, with a 5.5-percent decrease to 79.5 percent.
Boston, Massachusetts, jumped 17.4 percent in ADR to US$177.16, reporting the largest increase in that metric, followed by New Orleans, Louisiana (+10.9 percent to US$152.28), and Oahu Island, Hawaii (+10.3 percent to US$177.76). Two markets reported ADR decreases: Washington, D.C. (-1.1 percent to US$166.08), and Dallas, Texas (-0.5 percent to US$90.13).
Four markets experienced RevPAR increases of more than 15 percent: St. Louis (+29.8 percent to US$61.26); Boston (+25.2 percent to US$138.88); New Orleans (+19.5 percent to US$124.32); and Oahu Island (+19.2 percent to US$139.09). San Diego fell 6.5 percent in RevPAR to US$74.31, reporting the largest decrease in that metric.