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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.

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