U.S. Hotel performance for week ending 27 June 2009

3rd Jul 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 21-27 June 2009, according to data from STR.In year-over-year measurements, the industry’s occupancy fell 8.7 percent to end the week at 65.4 percent. Average daily rate dropped 9.5 percent to finish the week at US$97.49. Revenue per available room for the week decreased 17.4 percent to finish at US$63.74.

Washington, D.C., was the only market among the Top 25 Markets to report an increase in any of the three metrics, rising in occupancy 2.3 percent to 80.6 percent.

Other highlights from the Top 25 Markets include (in year-over-year comparisons):

á    St. Louis, Missouri-Illinois, reported a minimal decrease in occupancy, falling 0.6 percent to 67.7 percent.

á    Three markets reported occupancy decreases of 15 percent or more: Minneapolis-St. Paul, Minnesota-Wisconsin (-16.7 percent to 64.9 percent); Orlando, Florida (-16.1 percent to 66.1 percent); and Houston, Texas (-15.1 percent to 58.7 percent).

á    Nashville, Tennessee, experienced a 1.8-percent decrease in ADR to US$94.29, the smallest among the top markets.

á    New York, New York, reported the largest ADR decrease, down 29.3 percent to US$198.37. Other markets to report large decreases in ADR include: Orlando (-18.5 percent to US$85.64); San Francisco/San Mateo, California (-17.3 percent to US$129.25); Chicago, Illinois (-16.7 percent to US$120.60); and Boston, Massachusetts (-16.4 percent to US$137.19).

á    Washington, D.C., experienced the smallest RevPAR decrease, falling 1.8 percent to US$118.12.

á    Four markets reported RevPAR declines of 25 percent or more: New York (-33.6 percent to US$165.31); Orlando (-31.6 percent to US$56.60); Boston (-27.5 percent to US$98.33); and Chicago (-25.0 percent to US$87.84).



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