U.S. Hotel Market Performs Well Last Week of May

U.S. Hotel Market Performs Well Last Week of May

Vacation News » Vacation & Leisure Real Estate Edition | By Michael Gerrity | June 6, 2011 9:00 AM ET

According to STR, the U.S. hotel industry reported increases in all three key performance metrics during the week ending May 28, 2011.

In year-over-year comparisons, occupancy rose 4.9 percent to 64.2 percent, average daily rate increased 3.8 percent to US$100.93, and revenue per available room finished the week up 8.9 percent to US$64.81.

Among the Top 25 Markets, Detroit, Michigan, experienced the largest occupancy increase, rising 22.9 percent to 65.7 percent, followed by Orlando, Florida, with a 15.5-percent increase to 64.7 percent. New York, New York, fell 1.3 percent in occupancy to 87.2 percent, reporting the largest decrease in that metric.

Four markets reported double-digit ADR increases: Nashville, Tennessee (+12.4 percent to US$91.44); Anaheim-Santa Ana, California (+11.1 percent to US$116.38); San Francisco/San Mateo, California (+10.9 percent to US$149.84); and New Orleans, Louisiana (+10.2 percent to US$128.51). Dallas, Texas, posted the only ADR decrease of more than 5 percent, falling 8.7 percent to US$81.96.

Detroit jumped 26.9 percent in RevPAR to US$51.11, reporting the largest increase in that metric. Five other markets achieved RevPAR increases of more than 20 percent: Orlando (+25.8 percent to US$57.88); New Orleans (+24.7 percent to US$96.79); San Francisco/San Mateo (+22.8 percent to US$128.63); Miami-Hialeah, Florida (+22.4 percent to US$115.20); and Anaheim-Santa Ana (+20.0 percent to US$90.89). Dallas fell 5.6 percent in RevPAR to US$51.00, reporting the largest decrease in that metric.

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