U.S. Hotel Industry Posts Positive Performance Gains in Early June

U.S. Hotel Industry Posts Positive Performance Gains in Early June

Vacation News » North America Vacation News Edition | By David Barley | June 19, 2012 3:28 PM ET

Hotel-market-report.jpg According to STR, the U.S. hotel industry experienced increases in all three key performance metrics during the week of ending June 9, 2012.

In year-over-year comparisons for the week, occupancy ended the week with a 1.3-percent increase to 68.5 percent, average daily rate increased 5.1 percent to US$107.48 and revenue per available room rose 6.5 percent to US$73.59.

Among the Top 25 Markets, St. Louis, Missouri-Illinois rose 17.9 percent in occupancy to 73.5 percent, followed by Houston, Texas, with a 10.5-percent increase to 67.7 percent. New Orleans, Louisiana, fell 9.0 percent in occupancy to 63.4 percent, reporting the largest decrease in that metric.

Five markets experienced ADR increases of 10 percent or more: Philadelphia, Pennsylvania-New Jersey (+14.4 percent to US$135.48); Oahu Island, Hawaii (+10.8 percent to US$179.65); Miami-Hialeah, Florida (+10.7 percent to US$140.79); Nashville, Tennessee (+10.1 percent to US$124.70); and Boston, Massachusetts (+10.0 percent to US$177.98). Phoenix, Arizona, posted the only ADR decrease, falling 1.5 percent to US$84.33.

Four markets achieved RevPAR increases of more than 15 percent: St. Louis (+24.6 percent to US$63.85); Oahu Island (+21.1 percent to US$152.08); Miami-Hialeah (+15.4 percent to US$103.96); and Boston (+15.3 percent to US$154.78). New Orleans (-7.2 percent to US$77.02) and Phoenix (-3.7 percent to US$43.62) reported the largest RevPAR decreases for the week.

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