HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive results in the three key performance metrics during the week of 5-11 May 2013, according to data from STR.
In year-over-year comparisons, occupancy was up 0.1 percent to 62.7 percent, average daily rate rose 3.7 percent to US$109.93 and revenue per available room increased 3.8 percent to US$68.94.
Among the Top 25 Markets, Houston, Texas, reported the largest occupancy increase, rising 20.9 percent to 80.6 percent. The market’s performance was boosted from the Offshore Technology Conference, which was held 6-9 May 2013. St. Louis, Missouri-Illinois (-14.5 percent to 60.6 percent), and New Orleans, Louisiana (-13.5 percent to 70.5 percent), posted the largest occupancy decreases.
Houston grew 56.5 percent in ADR to US$150.59, achieving the largest increase in that metric. Five other markets reported double-digit ADR increases: Denver, Colorado (+12.8 percent to US$118.77); San Diego (+12.5 percent to US$135.89); Seattle, Washington (+11.8 percent to US$132.27); Dallas, Texas (+11.5 percent to US$99.53); and Oahu Island, Hawaii (+10.0 percent to US$192.94). New Orleans fell 5.8 percent in ADR to US$143.44, posting the largest decrease in that metric.
Four markets experienced RevPAR increases of more than 20 percent: Houston (+89.2 percent to US$121.33); San Diego (+26.1 percent to US$93.96); Seattle (+22.1 percent to US$97.70); and Detroit, Michigan (+20.6 percent to US$55.27). New Orleans reported the largest RevPAR decrease, falling 18.5 percent to US$101.15.
View the U.S. hotel review for the week ending 11 May.
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Rachael Spann Urie
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