ADR increases Up 15.7% to US$111.04
The U.S. hotel industry reported increases in all three key performance metrics during the week of 30 December 2012-5 January 2013, according to data from STR.
In year-over-year comparisons, occupancy was up 7.6 percent to 45.0 percent, average daily rate rose 15.7 percent to US$111.04 and revenue per available room increased 24.4 percent to US$49.93. Weekly performance was positively impacted by the shift of New Year’s Eve on the calendar.
Among the Top 25 Markets, San Diego, California, jumped 29.9 percent in occupancy to 60.5 percent, reporting the largest increase in that metric, followed by Anaheim-Santa Ana, California (+21.4 percent to 69.9 percent), and San Francisco/San Mateo, California (+20.7 percent to 58.2 percent). Philadelphia, Pennsylvania-New Jersey, posted the largest occupancy decrease, falling 10.0 percent to 37.7 percent.
Three markets experienced ADR increases of 25 percent or more: New York, New York (+39.7 percent to US$264.51); Miami-Hialeah, Florida (+31.8 percent to US$267.53); and Oahu Island, Hawaii (+25.0 percent to US$265.69). New Orleans, Louisiana, reported the only double-digit ADR decrease, falling 12.4 percent to US$146.93.
Five markets experienced RevPAR increases of 40 percent or more: New York (+66.8 percent to US$207.22); Nashville, Tennessee (+47.0 percent to US$46.88); Miami-Hialeah (+44.0 percent to US$225.38); Anaheim-Santa Ana (+43.8 percent to US$83.92); and San Francisco/San Mateo (+43.0 percent to US$84.92). Philadelphia fell 10.5 percent to US$37.67, posting the largest decrease in that metric.
View weekly U.S. hotel performance review
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