U.S. Hotel Market Reports Performance Increases in Mid-May

U.S. Hotel Market Reports Performance Increases in Mid-May

Vacation News » Vacation & Leisure Real Estate Edition | By Michael Gerrity | May 23, 2011 9:51 AM ET

STR reports this week that the U.S. hotel industry reported increases in all three key performance metrics during the week ending May 14, 2011.

In year-over-year comparisons, occupancy rose 4.5 percent to 62.8 percent, average daily rate increased 3.7 percent to US$101.14, and revenue per available room finished the week up 8.4 percent to US$63.50.

Among the Top 25 Markets, three achieved double-digit occupancy increases: Dallas, Texas (+16.8 percent to 64.7 percent); New Orleans, Louisiana (+15.2 percent to 76.2 percent); and Tampa-St. Petersburg, Florida (+11.1 percent to 58.6 percent). Nashville, Tennessee, was the only top market to experience a double-digit occupancy decrease, falling 11.8 percent to 63.5 percent.

San Francisco/San Mateo, California, rose 18.8 percent in ADR to US$158.71, reporting the largest increase in that metric, followed by Chicago, Illinois, with an 18.5-percent increase to US$130.12. Boston, Massachusetts (-2.8 percent to US$150.73), and Denver, Colorado (-2.6 percent to US$104.41), reported the largest ADR decreases for the week.

Four markets experienced RevPAR increases of more than 25 percent: New Orleans (+29.3 percent to US$104.44); San Francisco/San Mateo (27.9 percent to US$133.66); Chicago (+26.9 percent to US$95.05); and Dallas (+26.8 percent to US$58.61). Boston reported the largest RevPAR decrease, falling 11.3 percent to US$110.99.


Real Estate Listings Showcase

This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More