STR: US hotel results week ending 5 May
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 29 April-5 May 2012, according to data from STR. In year-over-year comparisons for the week, occupancy was up 5.1 percent to 63.2 percent, average daily rate increased 5.2 percent to US$107.18 and revenue per available room jumped 10.5 percent to US$67.70.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry experienced increases in all three key performance metrics during the week of 29 April-5 May 2012, according to data from STR.
In year-over-year comparisons for the week, occupancy was up 5.1 percent to 63.2 percent, average daily rate increased 5.2 percent to US$107.18 and revenue per available room jumped 10.5 percent to US$67.70.
Among the Top 25 Markets, Oahu Island, Hawaii, reported the largest occupancy increase, rising 16.0 percent to 83.9 percent, followed by San Diego, California (+11.8 percent to 70.0 percent), and Dallas, Texas (+11.0 percent to 62.7 percent). Philadelphia, Pennsylvania-New Jersey, posted the largest occupancy decrease, falling 2.4 percent in occupancy to 68.6 percent.
Two markets experienced double-digit ADR increases: Oahu Island (+13.2 percent to US$186.75) and New Orleans, Louisiana (+12.5 percent to US$164.46). Washington, D.C., fell 2.1 percent in ADR to US$159.35, reporting the largest decrease in that metric. Oahu Island jumped 31.4 percent in RevPAR to US$156.73, achieving the largest increase in that metric, followed by Dallas (+21.8 percent to US$57.94) and San Diego (+18.2 percent to US$89.26).
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