STR posts US results for week ending 16 May 2009
None of the Top 25 Markets posted increases in any of the three key performance metrics. Atlanta, Georgia, posted an 18.8-percent decline in occupancy, the largest of any market. The smallest occupancy decrease was recorded by Washington, D.C.-Maryland-Virginia (-5.4 percent to 79.4 percent). Only two cities experienced ADR declines of more than 20 percent: New York, New York (-31.6 percent to US$208.61) and San Francisco/San Mateo, California (-22.8 percent to US$133.66). The only market to report a single-digit RevPAR decrease was Nashville, Tennessee (-9.2 percent to US$52.65). New York reported the largest decrease in that metric, which was down 39.4 percent to US$164.90.
Among the seven chain-scale segments, the Midscale with Food and Beverage segment posted the largest drop in occupancy (-14.6 percent to 52.7 percent). The Luxury segment led the performance declines in the remaining two key performance measurements. It experienced a 20.1-percent ADR decline to US$237.05, and a 31.3-percent fall in RevPAR to US$150.40.
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