Source: STR

The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 6-12 January 2013, according to data from STR. In year-over-year comparisons, occupancy was down 4.2 percent to 49.8 percent, average daily rate rose 2.1 percent to US$105.30 and revenue per available room decreased 2.2 percent to US$52.43.

Among the Top 25 Markets, three markets reported occupancy increases for the week: New York, New York (+4.7 percent to 70.3 percent); Miami-Hialeah, Florida (+3.7 percent to 81.4 percent); and Los Angeles-Long Beach, California (+1.8 percent to 68.4 percent). New Orleans fell 25.9 percent in occupancy to 51.9 percent, posting the largest decrease in that metric.

Miami-Hialeah rose 22.1 percent in ADR to US$223.78, achieving the largest increase in that metric, followed by Oahu Island, Hawaii, with an 11.6-percent increase to US$201.30. Two markets experienced double-digit ADR decreases: New Orleans (-31.2 percent to US$117.82) and Detroit, Michigan (-11.2 percent to US$85.10).

Miami-Hialeah jumped 26.7 percent in RevPAR to US$182.23, posting the largest increase in that metric. New Orleans (-49.0 percent to US$61.11) and Detroit (-26.1 percent to US$44.16) reported the largest RevPAR decreases for the week.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Rachael Spann Urie
Director, Public Relations
+1 (615) 824-8664 ext. 3305
STR