STR Reports U.S. Hotel Performance

Vacation News » Vacation & Leisure Real Estate Edition | By Michael Gerrity | November 23, 2009 1:56 PM ET

(HENDERSONVILLE, TN) -- According to data from Smith Travel Research, the U.S. hotel industry posted declines in all three key performance measurements during the week of 8-14 November 2009.

In year-over-year measurements, the industry's occupancy fell 6.4 percent to end the week at 52.6 percent. Average daily rate dropped 9.9 percent to finish the week at US$95.86. Revenue per available room for the week decreased 15.7 percent to finish at US$50.47.

Among the Top 25 Markets, San Francisco/San Mateo, California, experienced the largest occupancy increase, jumping 9.7 percent to 79.0 percent, followed by Denver, Colorado (+8.9 percent to 61.1 percent), and Phoenix, Arizona (+8.1 percent to 69.7 percent). Houston, Texas, posted the largest occupancy decrease, falling 27.9 percent to 58.8 percent.

All of the Top 25 Markets reported ADR decreases for the week. Nashville, Tennessee, posted the smallest ADR decrease, falling 5.2 percent to US$98.81. New Orleans, Louisiana, ended the week with a 32.7-percent decrease to US$109.43--reporting the largest ADR decrease among the top markets--followed by Chicago, Illinois, with a 22.5-percent decrease to US$113.27.

San Francisco/San Mateo was the only market to experience a RevPAR increase, up 1.0 percent to US$111.44. Three markets reported RevPAR decreases of more than 30 percent: New Orleans (-46.0 percent to US$61.30); Houston (-39.5 percent to US$54.59); and Chicago (-33.6 percent to US$65.15).

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