Hotel News Resource - Smith Travel Research Hotel Industry News

ADR increases increases 3.1% to US$100.45

The Baird/STR Hotel Stock Index outperformed the S&P 500 and the MSCI REIT (RMZ) in January, which increased 4.4 percent and 6.3 percent, respectively.

Revenue per available room up 6.6% to CAD$68.84

ADR increases increases 4.3% to US$101.84

Revenue per available room up 7.2% to CAD$71.06

ADR increases increases 3.7% to US$99.96

The Caribbean hotel industry reported increases in all three key performance metrics in 2011, according to data from STR.

Revenue per available room up 4.8% to CAD$65.73

Total hotel property transactions in 2011 amounted to US$14.0 billion, compared to $8.6 billion in 2010, according to data from STR Analytics. This is a 62.8-percent increase over 2010.

Overall, the U.S. hotel industry’s occupancy rose 4.4 percent to 60.1 percent, its average daily rate was up 3.7 percent to US$101.64 and its revenue per available room increased 8.2 percent to US$61.06.