STR Reports US Hotel Performance for the Week Ending June 5 - 2010
In year-over-year measurements, the industry’s occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61.
The U.S. hotel industry reported mixed results in the three key performance measurements during the week of 30 May-5 June 2010, according to data from STR.
In year-over-year measurements, the industry's occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61.
Among the Top 25 Markets, San Francisco/San Mateo, California, reported the largest increases in all three key metrics. The market's occupancy rose 12.1 percent to 78.0 percent, ADR increased 14.2 percent to US$140.56, and RevPAR jumped 28.1 percent to US$109.61.
Two markets, excluding San Francisco/San Mateo reported double-digit occupancy increases: Nashville, Tennessee (11.1 percent to 57.3 percent), and Miami-Hialeah, Florida (+10.3 percent to 63.3 percent). New Orleans, Louisiana, posted the largest occupancy decrease, falling 9.7 percent to 53.3.percent, followed by Washington, D.C. (-8.9 percent to 66.3 percent), and Dallas, Texas (-8.1 percent to 50.7 percent).
New Orleans experienced the largest ADR decrease, falling 28.6 percent to US$96.37, followed by Orlando, Florida, with a 22.1-percent decrease to US$80.90.
Excluding San Francisco/San Mateo, three markets reported double-digit RevPAR increases: Miami-Hialeah (+17.6 percent to US$81.27); New York, New York (+13.5 percent to US$175.13); and Phoenix, Arizona (+11.1 percent to US$38.18). New Orleans posted the largest RevPAR decrease, dropping 35.5 percent to US$51.36, followed by Orlando (-25.5 percent to US$44.25) and Washington, D.C. (-22.4 percent to US$85.22).
View U.S. hotel review for week ending 5 June
About STR
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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
