STR reports US performance for week ending 14 November 2009
Among the Top 25 Markets, San Francisco/San Mateo, California, experienced the largest occupancy increase, jumping 9.7 percent to 79.0 percent, followed by Denver, Colorado (+8.9 percent to 61.1 percent), and Phoenix, Arizona (+8.1 percent to 69.7 percent). Houston, Texas, posted the largest occupancy decrease, falling 27.9 percent to 58.8 percent.
All of the Top 25 Markets reported ADR decreases for the week. Nashville, Tennessee, posted the smallest ADR decrease, falling 5.2 percent to US$98.81. New Orleans, Louisiana, ended the week with a 32.7-percent decrease to US$109.43—reporting the largest ADR decrease among the top markets—followed by Chicago, Illinois, with a 22.5-percent decrease to US$113.27.
San Francisco/San Mateo was the only market to experience a RevPAR increase, up 1.0 percent to US$111.44. Three markets reported RevPAR decreases of more than 30 percent: New Orleans (-46.0 percent to US$61.30); Houston (-39.5 percent to US$54.59); and Chicago (-33.6 percent to US$65.15).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.