This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
Chicago hotels top weekly performance
May 23 2013

Overall, the U.S. hotel industry’s occupancy was up 1.3% to 66.8%, ADR rose 3.8% to $110.86 and RevPAR increased 5.2% to $74.04.

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

HENDERSONVILLE, Tennessee—Chicago hotels achieved the largest occupancy and revenue-per-available-room increases during the week of 12-18 May 2013, according to data from STR, parent company of HotelNewsNow.com.

The market’s occupancy rose 15.7% to 80.8%, its RevPAR increased 29.5% to $114.20, and its average daily rate was up 12% to $141.32.

Overall, the U.S. hotel industry’s occupancy was up 1.3% to 66.8%, ADR rose 3.8% to $110.86 and RevPAR increased 5.2% to $74.04.

Among the top 25 markets, Norfolk-Virginia Beach, Virginia, fell 7.3% in occupancy to 58.8%, reporting the largest decrease in that metric.

Oahu Island, Hawaii, achieved the largest ADR increase, rising 12.4% to $194.74. Atlanta (-4.3% to $88.73), and San Diego (-2% to $127.94), posted the largest ADR decreases for the week.

Seven markets other than Chicago reported double-digit RevPAR increases: Tampa-St. Petersburg, Florida (+15.6% to $67.31); Orlando, Florida (+14.3% to $78.58); San Francisco/San Mateo (+14% to $172.64); Dallas (+13% to $63.04); Seattle (+12.7% to $97.56); Houston (+11.8% to $76.10); and Los Angeles-Long Beach (+11.2% to $110.20). Washington, D.C., fell 6.6% in RevPAR to $133.80, posting the largest decrease in that metric.

Among the chain-scale segments, the midscale segment reported the largest occupancy increase, rising 1.8% to 60.5%. The upper-upscale segment followed with a 1.4% occupancy increase to 77.7%.

The luxury segment (+5.1% to $296.46) and the upscale segment (+4.6% to $124.38) posted the largest ADR growth for the week.

The luxury segment rose 6.4% in RevPAR to $232.87, achieving the largest increase in that metric. The upscale segment followed with a 5.7% increase in RevPAR to $97.20.

None of the chain-scale segments reported decreases in the three key performance metrics during the week.

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
Exclusive: Hilton adds Canopy lifestyle brand
Best Western introduces two new brands
Reviews increasingly drive booking decisions
A hotelman gives Airbnb a try
Canopy by Hilton: ‘It’s all about mindset’
When bad online reviews are good for you
VIDEO
US supply growth not a problem
Low supply, group biz boost hotel sector
HDC attendees discuss revenue strategies
Hotel Data Conference: Day Two in review
Hotel Data Conference: Day One in review
LATEST NEWS
Manage mega events in context to reap results
Will group business return to Europe?
How to be a revenue leader of the 21st century
Business plans trump brands, lenders say
Profiling hotel profits: Occupancy or ADR?
Panel dissects customer acquisition costs
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