STR Reports US Hotel Performance for the Week Ending May 22 - 2010
In year-over-year measurements, the industry’s occupancy increased 4.0 percent to 61.6 percent. Average daily rate ended the week virtually flat with a 0.3-percent decrease to US$98.15. Revenue per available room rose 3.7 percent to US$60.49.
The U.S. hotel industry reported mostly positive results in the three key performance measurements during the week of 16-22 May 2010, according to data from STR.
In year-over-year measurements, the industry’s occupancy increased 4.0 percent to 61.6 percent. Average daily rate ended the week virtually flat with a 0.3-percent decrease to US$98.15. Revenue per available room rose 3.7 percent to US$60.49.
Among the Top 25 Markets, Nashville, Tennessee, reported the largest occupancy increase, rising 29.8 percent to 73.5 percent, followed by Minneapolis-St. Paul, Minnesota-Wisconsin (+19.7 percent to 69.0 percent), and New Orleans, Louisiana (+19.2 percent to 73.9 percent). Three of the top markets posted occupancy decreases: Norfolk-Virginia Beach, Virginia (-3.5 percent to 55.7 percent); San Diego, California (-3.1 percent to 66.4 percent); and Miami-Hialeah, Florida (-1.3 percent to 68.4 percent).
New York, New York, experienced the largest ADR increase, rising 19.9 percent to US$244.36, followed by New Orleans with an 18.5-percent increase to US$134.43. Two markets reported double-digit ADR decreases: San Diego, California (-11.4 percent to US$115.02), and Seattle, Washington (-11.0 percent to US$112.61).
New Orleans led the RevPAR increases, rising 41.2 percent to US$99.28, followed by New York (+31.8 percent to US$227.82) and Minneapolis-St. Paul (+25.8 percent to US$65.85). San Diego fell 14.1 percent in RevPAR to US$76.32, reporting the largest decrease in that metric.
View U.S. hotel review for week ending 22 May
Â
About STR
Â
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.
