STR reports US hotel occupancy up for week ending July 28

STR reports US hotel occupancy up for week ending July 28

The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 22-28 July 2012, according to data from STR. n year-over-year comparisons for the week, occupancy ended the week with a 3.3-percent increase to 75.1 percent, average daily rate increased 4.8 percent to US$108.95 and revenue per available room ended the week with an increase of 8.2 percent to US$81.87.

Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 20.3 percent to 70.5 percent, followed by Houston, Texas (+15.6 percent to 69.8 percent), and Minneapolis-St. Paul, Minnesota-Wisconsin (+10.2 percent to 85.0 percent). St. Louis, Missouri-Illinois, fell 2.9 percent in occupancy to 73.6 percent, posting the largest decrease in that metric, followed by Atlanta, Georgia (-2.6 percent to 67.1 percent).

San Francisco/San Mateo, California, rose 16.7 percent in ADR to US$186.88, achieving the largest increase in that metric. Four other markets recorded double-digit ADR increases for the week: Oahu Island, Hawaii (+14.0 percent to US$198.83); New Orleans (+13.0 percent to US$107.01); San Diego (+10.8 percent to US$163.28); and Boston (+10.0 percent to US$166.24).

Five markets experienced RevPAR growth of more than 20 percent: New Orleans (+36.0 percent to US$75.48); Oahu Island (+22.5 percent to US$180.64); Houston (+21.4 percent to US$63.33); Minneapolis-St. Paul (+20.7 percent to US$92.02); and San Francisco/San Mateo (+20.1 percent to US$178.86).

Atlanta ended the week with the largest ADR (-6.4 percent to US$82.87) and RevPAR (-8.8 percent to US$55.62) decreases for the week.

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