Hotel results week ending 24 March 2012
Four markets experienced double-digit ADR increases: Miami-Hialeah, Florida (+14.9 percent to US$228.79); Nashville (+11.9 percent to US$99.94); Denver, Colorado (+11.4 percent to US$98.31); and Houston (+10.9 percent to US$102.13). Dallas, Texas (-1.8 percent to US$89.05), and New Orleans, Louisiana (-1.2 percent to US$133.79) ended the week with the only ADR decreases.
Four markets achieved RevPAR increases of more than 20 percent: Nashville (+32.3 percent to US$73.64); Houston (+30.8 percent to US$75.62); Denver (+24.4 percent to US$63.79); and Miami-Hialeah (+20.6 percent to US$207.68). New Orleans fell 7.7 percent in RevPAR to US$101.23, reporting the largest decrease in that metric, followed by Philadelphia with a 7.5-percent decrease to US$78.12.
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.