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STR: Nashville hotels top weekly gains
August 29 2013

The U.S. hotel industry’s year-over-year occupancy rose 2.5% to 67.4%, ADR increased 4.3% to $110.11, and RevPAR grew 6.9% to $74.17.

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

HENDERSONVILLE, Tennessee—Nashville hotels reported the largest occupancy and revenue-per-available-room growth during the week of 18-24 August 2013, according to data from STR.

The market’s occupancy rose 15.5% to 69.6%, its RevPAR jumped 25.8% to $70.48, and its average daily rate increased 8.9% to $101.22.
Overall, in year-over-year comparisons, the U.S. hotel industry’s occupancy rose 2.5% to 67.4%, ADR increased 4.3% to $110.11, and RevPAR grew 6.9% to $74.17.

Among the top 25 markets, New Orleans posted the only double-digit occupancy decrease, falling 13.5% to 48.5%.

Six markets achieved double-digit ADR growth: San Francisco/San Mateo (+13.8% to $199.26); Oahu Island, Hawaii (+12.2% to $218.48); Seattle (+11.5% to $144.04); Miami-Hialeah (+10.6% to $138.70); Chicago (+10.3% to $129.57); and Orlando (+10.2% to $87.57).

Five markets, aside from Nashville, experienced RevPAR increases of more than 15%: St. Louis (+22.6% to $63.21); Miami-Hialeah (+18.5% to $103.71); San Francisco/San Mateo (+17.7% to $185.16); Seattle (+17% to $131.18); and Dallas (+16.3% to $52.97).

Tampa-St. Petersburg, Florida, reported the largest ADR (-20.1% to $89.35) and RevPAR (-22.2% to $52.30) decreases for the week.

Among the chain-scale segments, the midscale segment (+2.7% to 60.6%) and the independent segment (+2.7% to 66.1%) reported the largest occupancy increases for the week.

The luxury segment achieved the largest growth in ADR (+9.2% to $269.72) and RevPAR (+11.6% to $205.56).

None of the chain-scale segments experienced a decrease in the three key performance metrics. 

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