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August 29, 2012

STR: US hotel results week ending 18 August

(Hendersonvill, Tennessee/USA – August 29, 2012) The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 12-18 August 2012, according to data from STR. In year-over-year comparisons, occupancy ended the week with a 3.6-percent increase to 69.6 percent, average daily rate was up 4.4 percent to US$106.58 and revenue per available room ended the week with an increase of 8.1 percent to US$74.21.

Among the Top 25 Markets, St. Louis, Missouri-Illinois, reported the largest occupancy increase, rising 12.5 percent to 66.3 percent. Houston, Texas, followed with an 11.0-percent increase to 64.1 percent. Boston, Massachusetts, fell 2.9 percent in occupancy to 81.8 percent, posting the largest decrease in that metric.

Three markets experienced double-digit ADR gains for the week: Oahu Island, Hawaii (+17.8 percent to US$207.82); San Francisco/San Mateo, California (+11.2 percent to US$171.80); and San Diego, California (+10.1 percent to US$145.03).

Five markets achieved RevPAR increases of more than 15 percent: Oahu Island (+21.1 percent to US$193.72); Dallas, Texas (+19.4 percent to US$53.35); Nashville, Tennessee (+19.0 percent to US$65.77); San Diego (+16.9 percent to US$123.49); and St. Louis (+15.6 percent to US$56.47).

Atlanta, Georgia, reported the only ADR (-1.5 percent to US$80.73) and RevPAR (-1.2 percent to US$47.82) decreases for the week.

 

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