The U.S. hotel industry reported positive results in the three key performance metrics during the week of 15-21 September 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 2.7 percent to 67.7 percent, average daily rate was up 4.5 percent to US$112.69, and revenue per available room increased 7.3 percent to US$76.35.
Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, rising 15.0 percent to 79.3 percent. Denver, Colorado, followed with a 14.1-percent increase to 87.3 percent. New Orleans, Louisiana, reported the only double-digit occupancy decrease, falling 18.0 percent to 61.6 percent.
Four markets experienced double-digit ADR increases: Oahu Island, Hawaii (+14.7 percent to US$207.35); Nashville (+11.3 percent to US$112.60); Boston, Massachusetts (+10.7 percent to US$189.80); and Orlando, Florida (+10.2 percent to US$86.86). San Francisco/San Mateo, California (-3.0 percent to US$214.82), and St. Louis, Missouri-Illinois (-1.3 percent to US$93.75), reported the only ADR decreases.
Five markets achieved RevPAR increases of more than 15 percent: Nashville (+27.9 percent to US$89.26); Orlando (+23.3 percent to US$52.08); Denver (+19.8 percent to US$95.51); Boston, (+18.1 percent to US$169.01); and Oahu Island (+16.6 percent to US$183.72). New Orleans fell 16.9 percent to US$74.63, reporting the largest decrease in that metric.
Logos, product and company names mentioned are the property of their respective owners.