US hotel results week ending 10 November 2012
Three markets experienced double-digit ADR increases: Los Angeles-Long Beach, California (+13.0 percent to US$142.21); New Orleans, Louisiana (+12.3 percent to US$140.91); and Chicago, Illinois (+10.3 percent to US$143.74). Philadelphia fell 11.7 percent in ADR to US$125.37, posting the largest decrease in that metric.
Four markets achieved RevPAR increases of more than 15 percent: New Orleans (+35.9 percent to US$110.73); Los Angeles-Long Beach (+23.6 percent to US$113.10); Denver, Colorado (+17.5 percent to US$72.19); and Seattle, Washington (+17.5 percent to US$95.62). San Francisco/San Mateo reported the only double-digit RevPAR decrease, falling 11.0 percent to US$148.90.
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.