The U.S. hotel industry reported positive results in the three key performance metrics during the week of 22-28 September 2013, according to data from STR.
In year-over-year comparisons, occupancy rose 5.8 percent to 67.8 percent, average daily rate was up 8.3 percent to US$115.47, and revenue per available room increased 14.5 percent to US$78.31.
Among the Top 25 Markets, Denver, Colorado, reported the largest occupancy increase, rising 17.9 percent to 90.2 percent. Atlanta, Georgia, followed with a 15.9-percent increase to 70.1 percent. New Orleans, Louisiana, fell 8.8 percent in occupancy to 65.0 percent, posting the largest decrease in that metric.
San Francisco/San Mateo, California, jumped 46.9 percent in ADR to US$267.14, achieving the largest increase in that metric, followed by New York, New York (+15.2 percent to US$360.25), and Denver (+15.0 percent to US$119.25). None of the top markets reported ADR decreases for the week.
Five markets experienced RevPAR increases of more than 25 percent: San Francisco/San Mateo (+59.9 percent to US$253.87); Denver (+35.6 percent to US$107.59); Atlanta (+28.9 percent to US$67.43); Orlando, Florida (+28.9 percent to US$54.66); and St. Louis, Missouri-Illinois (+25.3 percent to US$73.07). New Orleans posted the only RevPAR decrease, falling 2.8 percent to US$82.85.
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