U.S. Hotel Sector Performs Well in May

U.S. Hotel Sector Performs Well in May

Vacation News » North America Vacation News Edition | By David Barley | June 25, 2012 8:30 AM ET

U.S.-Hotel-Market.jpg According to STR, the U.S. hotel industry in May reported increases in all three key performance metrics.

Overall, the U.S. hotel industry's occupancy rose 3.6 percent to 63.5 percent, its average daily rate was up 3.9 percent to US$105.81 and its revenue per available room increased 7.7 percent to US$67.17.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, experienced the largest occupancy increase with a 16.5-percent gain to 70.6 percent, followed by Nashville, Tennessee, with a 10.6-percent increase to 70.3 percent. San Francisco/San Mateo, California, was the only market to report a slight decrease in occupancy, down 0.4 percent to 82.3 percent.

Oahu Island, Hawaii, achieved the only double-digit ADR increase for the month, rising 10.3 percent to US$175.02. Washington, D.C., fell 1.2 percent in ADR to US$156.62, reporting the largest decrease in that metric.

Three markets ended the month with RevPAR increases of more than 15 percent: Oahu Island (+20.3 percent to US$144.52); St. Louis (+19.9 percent to US$60.68); and Nashville (+15.7 percent to US$68.42). Washington, D.C. (-0.2 percent to US$121.37) and Denver (-0.1 percent to US$70.88) ended the month virtually flat in RevPAR, reporting the only decreases in that metric.

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