STR reports US performance for week ending 1 August 2009
Highlights from the Top 25 Markets include (in year-over-year comparisons):
- St. Louis, Missouri-Illinois, posted the largest increase in occupancy, jumping 8.8 percent to 75.1 percent. Seattle, Washington, was the only other top market to experience an occupancy increase, up 2.5 percent to 89.7 percent.
- Detroit, Michigan, reported the largest occupancy decline, dropping 26.3 percent to 53.7 percent. Four other markets posted double-digit occupancy declines: Houston, Texas (-17.1 percent to 54.6 percent); Atlanta, Georgia (-11.0 percent to 57.8 percent); Minneapolis-St. Paul, Minnesota-Wisconsin (-10.7 percent to 68.4 percent); and New Orleans, Louisiana (-10.5 percent to 53.4 percent).
- Nashville, Tennessee, experienced the smallest ADR decrease, falling 1.4 percent to US$88.97.
- Five markets reported ADR decreases of more than 15 percent: New York, New York (-29.0 percent to US$184.97); Chicago, Illinois (-16.5 percent to US$112.13); Los Angeles-Long Beach, California (-15.7 percent to US$117.69); San Diego, California (-15.6 percent to US$134.33); and Oahu Island, Hawaii (-15.5 percent to US$153.18).
- St. Louis was the only market to report an increase in RevPAR, which was up 4.9 percent to US$64.20.
- Detroit posted the largest RevPAR decrease, falling 34.3 percent to US$41.65. Two other markets experienced RevPAR decreases of more than 25 percent: New York (-33.9 percent to US$154.93) and Houston (-25.2 percent to US$47.11).
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