STR Reports US Performance for Week Ending 27 February 2010
In year-over-year measurements, the industrys occupancy ended the week with a 2.5-percent increase to 55.3 percent. Average daily rate dropped 4.7 percent to finish the week at US$96.06. Revenue per available room for the week fell 2.3 percent to finish at US$53.15.
Among the Top 25 Segments, New Orleans, Louisiana (+20.9 percent to 76.5 percent), and San Francisco/San Mateo, California (+20.9 percent to 70.3 percent), reported the largest occupancy increases. San Diego, California, posted the largest occupancy decrease, falling 5.6 percent to 62.8 percent, followed by Norfolk-Virginia Beach, Virginia, with a 4.7-percent decrease to 40.7 percent.
San Francisco/San Mateo reported the largest ADR increase, up 1.6 percent to US$127.35, followed by Miami-Hialeah, Florida, which ended the week virtually flat with a 0.9-percent increase to US$176.40. Anaheim-Santa Ana, California, ended the week with the largest ADR decrease, falling 17.2 percent to US$96.67, followed by San Diego with an 11.0-percent decrease to US$118.52.
San Francisco experienced the largest RevPAR increase, jumping 22.8 percent to US$89.56. Three other markets reported double-digit RevPAR increases: New Orleans (+15.4 percent to US$96.09); Miami-Hialeah (+12.0 percent to US$146.98); and Atlanta, Georgia (+11.3 percent to US$50.30). Anaheim-Santa Ana led the RevPAR decreases, falling 18.6 percent to US$60.67, followed by San Diego (-16.0 percent to US$74.42) and Dallas, Texas (-10.4 percent to US$48.78).
View U.S. hotel review for week ending 27 February 2010.
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STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.
