ADR increases 4.3% to US$107.18
The U.S. hotel industry reported increases in the three key performance metrics during the week of 24 February-2 March 2013, according to data from STR.
In year-over-year comparisons, occupancy was up 2.0 percent to 61.0 percent, average daily rate rose 4.3 percent to US$107.18 and revenue per available room increased 6.3 percent to US$65.39.
Among the Top 25 Markets, Minneapolis-St. Paul, Minnesota, rose 8.6 percent in occupancy to 62.7 percent, reporting the largest increase in that metric, followed by Denver, Colorado (+8.4 percent to 70.5 percent), and San Francisco-San Mateo, California (+8.4 percent to 81.8 percent). New Orleans, Louisiana, fell 13.8 percent in occupancy to 67.3 percent, posting the largest decrease in that metric.
Three markets achieved ADR increases of more than 10 percent: Oahu Island, Hawaii (+18.7 percent to US$199.72); Miami-Hialeah, Florida (+16.1 percent to US$231.39); and San Francisco/San Mateo (+10.2 percent to US$183.46). Seattle, Washington, fell 2.4 percent in ADR to US$113.08, reporting the largest decrease in that metric.
Six markets experienced RevPAR increases of more than 15 percent: Miami-Hialeah (+22.1 percent to US$205.17); Oahu Island (+19.8 percent to US$170.45); San Francisco/San Mateo (+19.5 percent to US$150.11); Denver (+16.3 percent to US$72.43); Houston, Texas (+16.1 percent to US$80.40); and Chicago, Illinois (+15.2 percent to US$62.74). New Orleans fell 13.9 percent in RevPAR to US$93.77, posting the only double-digit RevPAR decrease for the week.
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