STR reports U.S. hotel performance for May 2009
The U.S. hotel industry posted declines in all three key performance measurements during May, according to data from STR
Highlights from the Top 25 Markets include:
- None of the Top 25 Markets reported increases in any of the three metrics.
- Oahu Island, Hawaii, was the only market to report an occupancy decrease of less than 5 percent, falling 4.9 percent to 69.2 percent.
- Detroit, Michigan, led the occupancy decreases, falling 20.2 percent to 46.7 percent. Other markets to report occupancy decreases of 15 percent or more include: New Orleans, Louisiana (-16.8 percent to 57.0 percent); Houston, Texas (-15.7 percent to 57.0 percent); Chicago, Illinois (-15.6 percent to 59.0 percent); Phoenix, Arizona (-15.5 percent to 49.5 percent); Dallas, Texas (-15.0 percent to 49.1 percent).
- Nashville, Tennessee, reported the smallest ADR decrease, dropping 4.1 percent to US$90.69.
- New York, New York, was the only market to report a drop in ADR of more than 20 percent, falling 29.4 percent to US$201.13.
- Norfolk-Virginia Beach, Virginia, reported a 13.6-percent decrease in RevPAR to US$48.11, the smallest among the Top 25 Markets.
- Six markets reported RevPAR decreases of more than 25 percent: New York (-35.7 percent to US$159.82); Chicago (-29.5 percent to US$70.38); Phoenix (-28.6 percent to US$48.41); Detroit (-27.9 percent to US$36.72); New Orleans (-27.2 percent to US$63.19); and San Diego, California (-26.1 percent to US$77.49).
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