STR Reports US Hotel Performance for the Week Ending June 12 - 2010
In year-over-year measurements, the industry’s occupancy increased 8.2 percent to 65.8 percent. Average daily rate was up 1.7 percent to US$98.55. Revenue per available room rose 10.0 percent to US$64.83.
In year-over-year measurements, the industry’s occupancy increased 8.2 percent to 65.8 percent. Average daily rate was up 1.7 percent to US$98.55. Revenue per available room rose 10.0 percent to US$64.83.
Among the Top 25 Markets, New Orleans, Louisiana, experienced the largest occupancy increase, rising 28.5 percent to 75.4 percent, followed by Minneapolis-St. Paul, Minnesota-Wisconsin (+26.4 percent to 75.6 percent), and Miami-Hialeah, Florida (+24.6 percent to 70.2 percent). Orlando, Florida, was the only top market to report an occupancy decrease, falling 3.4 percent to 60.8 percent.
Three markets posted double-digit ADR increases: New York, New York, (+17.8 percent to US$244.45); Chicago, Illinois (+15.0 percent to US$137.09); and Miami-Hialeah (+13.1 percent to US$131.60). Anaheim-Santa Ana, California, reported the largest ADR decrease, falling 9.4 percent to US$99.94, followed by Seattle, Washington, with a 6.2-percent decrease to US$111.84.
Miami-Hialeah experienced the largest RevPAR increase, rising 40.9 percent to US$92.36. Two other market reported RevPAR increases of more than 30 percent: Chicago (+37.8 percent to US$106.72) and Minneapolis-St. Paul (+30.2 percent to US$72.13). Anaheim-Santa Ana posted the largest RevPAR decrease, falling 4.8 percent to US$75.61.
View U.S. hotel review for week ending 12 June
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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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
