STR: US Results Week Ending 9 March 2013

March 26, 2013

15 March 2013

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported increases in the three key performance metrics during the week of 3-9 March 2013, according to data from STR.

In year-over-year comparisons, occupancy was up 1.2 percent to62.7 percent, average daily rate rose 4.6 percent to US$109.55 and revenue per available room increased 5.8 percent to US$68.69.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 19.5 percent to 88.0 percent. San Francisco/San Mateo, California, fell 7.4 percent in occupancy to 73.1 percent, posting the largest decrease in that metric, followed by Philadelphia, Pennsylvania-New Jersey (-6.1 percent to 64.5 percent).

Three markets reported ADR growth of more than 10 percent: Miami-Hialeah, Florida (+15.8 percent to US$224.35); Oahu Island, Hawaii (+15.5 percent to US$196.40); and New Orleans (+14.9 percent to US$167.15). Atlanta, Georgia, fell 1.0 percent in ADR to US$85.94, posting the largest decrease in that metric.

Six markets achieved RevPAR increases of more than 10 percent: New Orleans (+37.3 percent to US$147.12); Miami-Hialeah (+24.5 percent to US$197.71); Oahu Island (+15.0 percent to US$164.12); Nashville, Tennessee (+13.4 percent to US$74.53); Boston, Massachusetts (+12.4 percent to US$97.45); and St. Louis, Missouri-Illinois (+12.4 percent to US$53.55). San Diego fell 6.5 percent in RevPAR to US$87.12, reporting the largest decrease in that metric.

About STR

STR (www.str.com) 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 (www.Hoteldataconference.com).

 

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