This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
STR: US hotels report double-digit RevPAR gain
March 28 2013

Occupancy and ADR also increased during the week ending 23 March, according to STR data.

By Rachael Spann Urie
Director, Public Relations, STR
rurie@str.com

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported a double-digit increase in revenue per available during the week of 17-23 March 2013, according to data from STR, parent company of HotelNewsNow.com.

The metric was up 10.1% to $74.61 for the week. Occupancy (4.4% to 66.4%) and average daily rate (5.4% to $112.42) also increased.

Among the top 25 markets, New Orleans reported the largest occupancy increase with an 18.8% jump to 89.5%, followed by Minneapolis-St. Paul (+15.5% to 69.9%) and Detroit (+13.1% to 64.1%). Norfolk-Virginia Beach, Virginia, fell 0.9% in occupancy to 49.7%, posting the largest decrease in that metric.

Three markets achieved ADR increases of more than 15%: Oahu Island, Hawaii (+19.4% to $211.01); New Orleans (+16.2% to $154.55); and Chicago (+15.4% to $136.30). St. Louis (-2.4% to $85.25) and Atlanta (-1.7% to $89.60) reported the largest ADR decreases for the week.

Six markets experienced RevPAR increases of more than 20%: New Orleans (+38% to $138.29); Chicago (+26.2% to $94.70); Detroit (+26.2% to $55.21); Anaheim-Santa Ana, California (+23.3% to $109.08); Philadelphia (+21.2% to $94.78); and Oahu Island (+20.5% to $178.25). St. Louis fell 2% in RevPAR to $52.22, reporting the largest decrease in that metric.

Among the chain-scale segments, the luxury segment reported the largest occupancy increase, rising 5.4% to 83%, followed by the independent segment (+5.2% to 62.9%) and the upper-upscale segment (+5% to 79.6%).

The luxury segment (+6.8% to $306.60) and the upscale segment (+6.4% to $124.99) posted the largest ADR increases for the week.

Four segments achieved double-digit RevPAR growth: the luxury segment (+12.5% to $254.49); the upper-upscale segment (+11.7 percent to $132.66); the upscale segment (+10.3% to $96.84); and the independent segment (+10.2% to $68.16).

 

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

TRENDING
Tiered Wi-Fi emerges as new industry model
Heartbleed a ‘significant’ threat to hotels
How to mitigate dependence on OTAs
Omni Nashville GM hits hotel jackpot
The role of today’s management company
A ho(s)tel path: Meininger builds rare model
VIDEO
Hunter Hotel Conference postgame wrap
Bazin outlines Accor investment strategy
Accor's Bazin talks growth
Sébastien Bazin's view from the top
Chris Nassetta talks lifestyle brand
LATEST NEWS
US hotel management contracts list
Wyndham betting on refreshed prototypes
US hotels report occupancy, RevPAR decreases
Global chains gain steam in lifestyle space
Cracks forming in loan underwriting?
Capital recycling fuels Hyatt’s growth
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2014 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy