STR reports US hotel performance for week ending 30 May 2009

Click here ( Adobe Acrobat PDF file) to download statistics.

In year-over-year measurements, the industry's occupancy fell 10.2 percent to end the week at 51.6 percent. Average daily rate dropped 9.6 percent to finish the week at US$93.00. Revenue per available room for the week decreased 18.9 percent to finish at US$47.96.

Among the Top 25 Markets, Denver, Colorado, was the only market to report an increase in occupancy, which was up 1.4 percent to 56.0 percent. Detroit, Michigan, reported the largest occupancy decrease, down 22.0 percent to 42.9 percent. Other markets to report occupancy decreases of more than 20 percent include: New Orleans, Louisiana (-20.8 percent to 44.2 percent) and St. Louis, Missouri-Illinois (-20.2 percent to 45.9 percent).

Orlando, Florida, was the only market to report increases in two of the three key metrics, posting a 16.5-percent jump in ADR to US$107.06 and a 9.1-percent surge in RevPAR to US$60.11 Chicago, Illinois, reported the largest decrease in ADR, which was down 26.5 percent to US$109.28. New York, New York, followed closely, reporting an ADR decrease of 26.4 percent to US$188.03.

Chicago also reported the largest RevPAR decrease, down 37.7 percent to US$58.71. Three other markets reported decreases of more than 30 percent: Detroit (-32.5 percent to US$32.48); St. Louis (-30.5 percent to US$34.37); and New York (-30.2 percent to US$140.06).

About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.


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