The U.S. hotel industry reported positive results in the three key performance metrics during the week of 4-10 August 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 1.9 percent to 72.7 percent, average daily rate increased 4.8 percent to US$112.48 and revenue per available room grew 6.8 percent to US$81.74.
Among the Top 25 Markets, Orlando, Florida (+9.7 percent to 76.3 percent), and St. Louis, Missouri-Illinois (+9.7 percent to 77.7 percent), reported the largest occupancy increases for the week. Chicago, Illinois, reported the largest occupancy decrease, falling 2.9 percent to 79.2 percent.
Five markets experienced ADR growth of more than 10 percent: San Francisco/San Mateo, California (+17.3 percent to US$208.46); Oahu Island, Hawaii (+15.0 percent to US$231.52); Seattle, Washington (+14.9 percent to US$151.97); St. Louis (+12.5 percent to US$96.69); and Anaheim-Santa Ana, California (+11.2 percent to US$150.13). Phoenix, Arizona (-0.8 percent to US$76.14), and Washington, D.C. (-0.7 percent to US$121.75), reported the only ADR decreases for the week.
Six markets achieved RevPAR increases of more than 15 percent: Seattle (+23.6 percent to US$147.21); St. Louis (+23.4 percent to US$75.17); Orlando (+19.6 percent to US$69.11); Atlanta, Georgia (+18.9 percent to US$58.29); San Francisco/San Mateo (+18.6 percent to US$195.88); and Anaheim-Santa Ana (+17.3 percent to US$140.44). Philadelphia, Pennsylvania-New Jersey, posted the largest RevPAR decrease, falling 7.0 percent to US$81.49.
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