ADR increases increases 5.0% to US$110.01
The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 30 September-6 October 2012, according to data from STR.
In year-over-year comparisons, occupancy rose 2.0 percent to 65.6 percent, average daily rate was up 5.0 percent to US$110.01 and revenue per available room increased 7.2-percent to US$72.17.
Among the Top 25 Markets, New Orleans, Louisiana, rose 17.8 percent in occupancy to 81.2 percent, reporting the largest increase in that metric.
Nashville, Tennessee, followed with a 13.1-percent increase to 72.4 percent. Miami-Hialeah, Florida, reported the largest occupancy decrease, falling 6.1 percent to 70.1 percent.
Chicago, Illinois, ended the week with the largest ADR increase, rising 14.8 percent to US$154.11, followed by San Francisco/San Mateo, California (+11.8 percent to US$250.70), and Oahu Island, Hawaii (+11.0 percent to US$184.34). Dallas, Texas, fell 5.2 percent to US$91.27 in ADR, posting the largest decrease in that metric.
Six markets achieved RevPAR increases of more than 20 percent: New Orleans (+29.7 percent to US$116.00); Chicago (+25.9 percent to US$122.28); Seattle, Washington (+24.1 percent to US$93.27); Denver, Colorado (+23.6 percent to US$83.50); Nashville (+21.0 percent to US$75.69); and Houston, Texas (+20.8 percent to US$67.78). Miami-Hialeah fell 8.8 percent in RevPAR to US$99.08, posting the largest decrease in that metric.
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