STR: US Results For Week Ending 29 December
“A shift in the day Christmas and New Year’s Eve fell on this year eroded last week’s performance,” said Brad Garner, STR’s COO. “We expect the industry to return to performance normalcy in the coming weeks. And while the year certainly will finish strong, we also look forward to tracking what the new normal might be with travel patterns post fiscal cliff.”
Among the Top 25 Markets, Seattle, Washington, reported the largest occupancy increase, rising 5.9 percent to 45.1 percent. Two markets experienced occupancy decreases of more than 20 percent: New Orleans, Louisiana (-21.6 percent to 48.5 percent), and Nashville, Tennessee (-20.3 percent to 44.2 percent).
Miami-Hialeah, Florida (+2.9 percent to US$244.30), and Anaheim-Santa Ana, California (+2.7 percent to US$123.73), achieved the largest ADR increases for the week. Nashville fell 11.0 percent in ADR to US$88.60, reporting the only double-digit ADR decrease.
Seattle posted the largest RevPAR increase, rising 5.3 percent to US$42.83. Two markets experienced RevPAR decreases of more than 25 percent: Nashville (-29.0 percent to US$39.16) and New Orleans (-25.5 percent to US$56.09).
STR () provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, global pipelines and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference ().
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318