STR reports U.S. hotel performance for week ending 21 November 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 15-21 November 2009, according to data from STR.

In year-over-year measurements, the industry’s occupancy fell 2.8 percent to end the week at 52.7 percent. Average daily rate dropped 7.6 percent to finish the week at US$95.85. Revenue per available room for the week decreased 10.1 percent to finish at US$50.55.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest increase in all three key metrics: Occupancy rose 18.8 percent to 64.8 percent; ADR increased 2.3 percent to US$116.97; and RevPAR jumped 21.5 percent to US$75.82.

San Francisco/San Mateo, California, was the only market besides New Orleans to report a double-digit occupancy increase, rising 12.2 percent to 72.6 percent. Houston, Texas, reported the largest occupancy decrease, falling 23.9 percent to 57.2 percent, followed by Nashville, Tennessee with a 13.4-percent decrease to 55.2 percent.

None of the top markets, excluding New Orleans, reported ADR increases for the week. Three markets experienced ADR decreases of more than 15 percent: Atlanta, Georgia (-16.5 percent to US$82.97); Boston, Massachusetts (-16.1 percent to US$133.93); and Phoenix, Arizona (-15.7 percent to US$101.10).

San Francisco/San Mateo posted a RevPAR increase of 8.5 percent to US$99.80, followed by Norfolk-Virginia Beach, Virginia, which increased 3.2 percent to US$35.05. Houston led the RevPAR decreases, falling 34.8 percent to US$52.13, followed by Atlanta (-23.6 percent to US$41.89) and Nashville (-20.2 percent to US$52.42).

About STR | STR (www.str.com) provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering the United State, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference (www.Hoteldataconference.com).

U.S. hotel performance for week ending 21 November 2009 The U.S. hotel industry posted declines in all three key performance measurements during the week of 15-21 November 2009, according to data from STR. In year-over-year measurements, the industry’s oc... Adobe PDF Document (Download Acrobat Reader) File Size: 260 Kb - Tuesday, 01 December 2009