STR: US hotel performance for January 2012
Among the Top 25 markets, Chicago, Illinois, rose 15.4 percent in occupancy to 47.4 percent, posting the largest increase in that metric, followed by Nashville, Tennessee (+11.2 percent to 51.2 percent), and Anaheim-Santa Ana, California (+10.0 percent to 62.5 percent). Phoenix, Arizona, fell 5.9 percent in occupancy to 58.7 percent, reporting the largest decrease in that metric.
Three markets experienced double-digit ADR increases: New Orleans, Louisiana (+24.1 percent to US$145.16); Oahu Island, Hawaii (+10.7 percent to US$181.42); and San Francisco/San Mateo (+10.4 percent to US$157.48). Two markets reported ADR decreases for the week: New York, New York (-3.1 percent to US$188.05), and Washington, D.C. (-2.0 percent to US$129.65).
Four markets achieved RevPAR increases of more than 15 percent: New Orleans (+32.1 percent to US$87.57); Chicago (+24.3 percent to US$46.39); Oahu Island (+18.9 percent to US$157.88); and Miami-Hialeah, Florida (+15.8 percent to US$148.71). Phoenix (-4.8 percent to US$69.62) and Washington, D.C. (-3.1 percent to US$62.99) reported the only RevPAR decreases for the month.
Rachael Spann Urie
Director, Public Relations
Phone: +1 (615) 824-8664 ext. 3305
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.