The U.S. hotel industry reported positive results in the three key performance metrics during the week of 18-24 August 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 2.5 percent to 67.4 percent, average daily rate increased 4.3 percent to US$110.11, and revenue per available room grew 6.9 percent to US$74.17.
Among the Top 25 Markets, Nashville, Tennessee, rose 15.5 percent in occupancy to 69.6 percent, reporting the largest increase in that metric. St. Louis, Missouri-Illinois, followed with a 12.7-percent increase in occupancy to 67.6 percent. New Orleans, Louisiana, posted the only double-digit occupancy decrease, falling 13.5 percent to 48.5 percent.
Six markets achieved double-digit ADR growth: San Francisco/San Mateo, California (+13.8 percent to US$199.26); Oahu Island, Hawaii (+12.2 percent to US$218.48); Seattle, Washington (+11.5 percent to US$144.04); Miami-Hialeah, Florida (+10.6 percent to US$138.70); Chicago, Illinois (+10.3 percent to US$129.57); and Orlando, Florida (+10.2 percent to US$87.57).
Six markets experienced RevPAR increases of more than 15 percent: Nashville (+25.8 percent to US$70.48); St. Louis (+22.6 percent to US$63.21); Miami-Hialeah (+18.5 percent to US$103.71); San Francisco/San Mateo (+17.7 percent to US$185.16); Seattle (+17.0 percent to US$131.18); and Dallas, Texas (+16.3 percent to US$52.97).
Tampa-St. Petersburg, Florida, reported the largest ADR (-20.1 percent to US$89.35) and RevPAR (-22.2 percent to US$52.30) decreases for the week.
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