Source: STR

The U.S. hotel industry reported increases in all three key performance metrics during the week of 19-25 September 2010, according to data from STR.

In year-over-year comparisons, occupancy increased 7.5 percent to 64.2 percent, average daily rate was up 2.6 percent to US$103.09, and revenue per available room ended the week up 10.3 percent to US$66.15.

Among the Top 25 Markets, New Orleans, Louisiana, achieved the largest occupancy increase, rising 20.9 percent to 59.6 percent, followed by Detroit, Michigan (+14.9 percent to 62.3 percent), and Miami-Hialeah, Florida (+14.9 percent to 65.3 percent). Anaheim-Santa Ana, California, reported the only occupancy decrease, falling 2.4 percent to 67.5 percent.

Two markets experienced double-digit ADR increases: San Francisco/San Mateo, California (+22.3 percent to US$193.76), and New York, New York (+10.3 percent to US$332.39). Nashville, Tennessee reported the largest ADR decrease, falling 5.7 percent to US$89.67, followed by Houston, Texas (-2.4 percent to US$90.70) and Anaheim-Santa Ana (-2.3 percent to US$108.57).

San Francisco/San Mateo increased 27.4 percent in RevPAR to US$183.37, reporting the largest increase in that metric, followed by New Orleans (+24.3 percent to US$59.59) and Washington, D.C. (+18.6 percent to US$132.65). Anaheim-Santa Ana dropped 4.7 percent to US$73.28, reporting the largest decrease in that metric.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Rachael Spann Urie
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