ADR increases increases 3.7% to US$93.04
The U.S. hotel industry experienced strong results in the three key performance metrics during the week of 16-22 December 2012, according to data from STR.
In year-over-year comparisons, occupancy was up 16.2 percent to 43.2 percent, average daily rate rose 3.7 percent to US$93.04 and revenue per available room increased 20.5 percent to US$40.22.
Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 35.6 percent to 43.3 percent. Four other markets posted occupancy increases of more than 30 percent: Dallas, Texas (+35.2 percent to 46.3 percent); Minneapolis-St. Paul, Minnesota-Wisconsin (+31.5 percent to 41.8 percent); Chicago, Illinois (+31.4 percent to 43.6 percent); and Houston, Texas (+30.2 percent to 47.6 percent). Anaheim-Santa Ana, California, fell 7.2 percent to 55.0 percent, reporting the largest decrease in that metric, followed by Orlando, Florida, with a 6.8-percent decrease to 55.4 percent.
Chicago (+17.0 percent to US$96.16) and Detroit, Michigan (+16.9 percent to US$74.95), achieved the largest ADR increases for the week. Miami-Hialeah, Florida, reported the largest ADR decrease, falling 3.3 percent to US$150.87, followed by San Diego, California, with a 2.4-percent decrease to US$91.58.
Four markets experienced RevPAR increases of more than 50 percent: New Orleans (+55.6 percent to US$43.58); Dallas (+54.6 percent to US$34.29); Chicago (+53.7 percent to US$41.96); and Houston (+51.5 percent to US$39.56). Orlando fell 7.1 percent in RevPAR to US$45.33, posting the largest decrease in that metric.
View weekly U.S. hotel performance review
Logos, product and company names mentioned are the property of their respective owners.